09:28 AM EDT, 09/03/2024 (MT Newswires) -- Energy stocks fell in pre-bell hours Tuesday, with The Energy Select Sector SPDR Fund ( XLE ) down 1.7%.

The United States Oil Fund ( USO ) was 3.3% lower and the United States Natural Gas Fund ( UNG ) was down 0.2%.

Front-month US West Texas Intermediate crude oil was down 2.4% at $71.82 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost nearly 3% to reach $75.21 per barrel, and natural gas futures were up 0.4% at $2.14 per 1 million British Thermal Units.

Shell (SHEL) said its Shell International Trading Middle East unit signed a 10-year liquefied natural gas supply agreement with Turkey's Boru Hatlari ile Petrol Tasima, also known as BOTAS. Shell shares were more than 2% lower in recent Tuesday premarket activity.

Permian Resources ( PR ) said it has raised its quarterly base dividend and expanded its stock buyback plan under a new shareholder return policy. Permian Resources ( PR ) shares were more than 1% lower pre-bell.

Delek US Holdings ( DK ) stock was marginally lower even after the company's board approved a $400 million increase in its share repurchase authorization, raising the total available for buybacks to around $562 million.