09:25 AM EDT, 08/03/2026 (MT Newswires) -- Energy stocks were falling pre-bell Monday, with the State Street Energy Select Sector SPDR ETF ( XLE ) declining by 1.4%.

The United States Oil Fund ( USO ) was down 6.5% and the United States Natural Gas Fund ( UNG ) was 0.3% higher.

Front-month US West Texas Intermediate crude oil was 6.9% lower at $78.81 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 5.7% to $82.93 per barrel, and natural gas futures were up 1% at $2.77 per 1 million British Thermal Units.

Chevron ( CVX ) said it will expand its North American base oils distribution network through new agreements with HF Sinclair Lubricants & Specialties and Renkert Oil, starting May 1, 2027. Shares of Chevron ( CVX ) were down more than 1% premarket.

BP (BP) has completed the sale of its Gelsenkirchen refinery and related businesses in Germany to Klesch Group, the company said. BP stock declined past 3% pre-bell.

Hess Midstream ( HESM ) shares were up more than 1% after the company posted higher Q2 earnings.