09:26 AM EDT, 10/07/2025 (MT Newswires) -- Energy stocks were declining premarket Tuesday, with the Energy Select Sector SPDR Fund ( XLE ) easing 0.03%.

The United States Oil Fund ( USO ) was 0.8% lower and the United States Natural Gas Fund ( UNG ) was up 1.4%.

Front-month US West Texas Intermediate crude oil was 0.8% lower at $61.19 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.8% to $64.95 per barrel. Natural gas futures were up 1.3% at $3.402 per 1 million British Thermal Units.

Shell (SHEL) is working with the Indonesian government and other stakeholders to restock gasoline at its fuel stations as quickly as possible, Bloomberg reported, citing a company spokesperson. Shell shares were up nearly 0.8% premarket.

Chevron ( CVX ) is working to restart some of the processing units that were closed because of a fire at its El Segundo refinery in California last week, Reuters reported, citing the company. Chevron ( CVX ) stock was 0.2% lower pre-bell.

ONEOK ( OKE ) said a fire occurred in the heating system of its MB-4 fractionator, which is one of the facilities located at its Mont Belvieu, Texas, fractionation complex. ONEOK ( OKE ) shares were nearly 1% higher premarket.