09:24 AM EDT, 06/25/2024 (MT Newswires) -- Energy stocks were leaning lower pre-bell Tuesday as the Energy Select Sector SPDR Fund ( XLE ) was marginally declining recently.

The United States Oil Fund ( USO ) was down 0.4% and the United States Natural Gas Fund ( UNG ) was 2.4% lower.

Front-month US West Texas Intermediate crude oil was down 0.2% at $81.51 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.2% to $85.87 per barrel, and natural gas futures were down 1% at $2.78 per 1 million British Thermal Units.

A consortium led by Exxon Mobil ( XOM )-led (XOM) in Guyana generated $6.33 billion last year, delivering a higher net margin than semiconductor maker Nvidia (NVDA), Reuters reported, citing Guyana government data. Exxon Mobil ( XOM ) was advancing by 0.3% premarket.

Kinetik ( KNTK ) was down 0.4% after saying it completed the acquisition of Durango Permian, a platform in the Northern Delaware Basin, boosting its overall Delaware Basin wide footprint.