09:29 AM EST, 11/05/2025 (MT Newswires) -- Energy stocks were leaning lower pre-bell Wednesday, with the Energy Select Sector SPDR Fund ( XLE ) declining by 0.1%.

The United States Oil Fund ( USO ) was down 0.3% and the United States Natural Gas Fund ( UNG ) was 0.9% lower.

Front-month US West Texas Intermediate crude oil was down 0.8% at $60.10 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.6% to $64.05 per barrel, and natural gas futures were down 0.8% at $4.31 per 1 million British Thermal Units.

Icahn Enterprises ( IEP ) shares were up more than 3% after the company posted higher Q3 earnings.

Golar LNG (GLNG) stock was up more than 2% after the company said it swung to a Q3 net income as operating revenue increased during the period.

Targa Resources ( TRGP ) shares were 2% higher after the company reported higher Q3 earnings and revenue.