09:23 AM EST, 03/04/2025 (MT Newswires) -- Energy stocks were falling premarket Tuesday, with The Energy Select Sector SPDR Fund ( XLE ) 0.7% lower.

The United States Oil Fund ( USO ) was down 0.6% and the United States Natural Gas Fund ( UNG ) was 4.2% higher.

Front-month US West Texas Intermediate crude oil was down 1.3% at $67.50 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.6% to reach $70.45 per barrel, and natural gas futures were 4.9% higher at $4.32 per 1 million British Thermal Units.

Enbridge ( ENB ) reaffirmed its annual adjusted earnings growth outlook of 4% to 6% through 2026. The company's shares were down 0.8% pre-bell.

Genesis Energy (GEL) said it will redeem the outstanding principal amount of its 8% senior notes due 2027, which is co-issued with its subsidiary Genesis Energy Finance. The company also said the board has extended a common equity buyback plan for its outstanding Class A common units till Dec. 31, 2026. Genesis Energy stock was more than 3% lower premarket.