09:22 AM EDT, 10/10/2025 (MT Newswires) -- Energy stocks were declining premarket Friday with the Energy Select Sector SPDR Fund ( XLE ) down 0.8%.

The United States Oil Fund ( USO ) was down 2.5% and the United States Natural Gas Fund ( UNG ) was 2.9% lower.

Front-month US West Texas Intermediate crude oil was 2.1% lower at $60.22 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 2% to $63.90 per barrel, and natural gas futures were down 3% at $3.17 per 1 million British Thermal Units.

BP (BP) has won a case it pursued against Venture Global ( VG ) related to LNG sales from the Calcasieu Project in Louisiana, according to a regulatory filing. Shares of Venture Global ( VG ) were down more than 18% pre-bell.

Chevron ( CVX ) and the Greek government are in talks to finalize an offshore energy exploration contract, Reuters reported, citing an interview between the country's Energy Minister Stavros Papastavrou and Greek television Action24. Chevron ( CVX ) shares were 0.7% lower premarket.

Shell (SHEL) and Trinidad and Tobago got an authorization from the US government for the development of an offshore gas field in Venezuela close to the maritime border, Reuters reported, citing Trinidad's attorney general. Shares of Shell were down 0.8% pre-bell.