09:20 AM EDT, 05/14/2024 (MT Newswires) -- Energy stocks were leaning lower premarket Tuesday as the Energy Select Sector SPDR Fund ( XLE ) was down 0.3% recently.

The United States Oil Fund ( USO ) was 1.3% lower and the United States Natural Gas Fund ( UNG ) was down 1.2%.

Front-month US West Texas Intermediate crude oil was down 1% at $78.30 per barrel at the New York Mercantile Exchange. Global benchmark North Sea crude oil lost 0.8% to $82.70 per barrel, and natural gas futures were down 1.9% at $2.34 per 1 million British Thermal Units.

Petrobras (PBR) fell more than 2% after it reported lower Q1 earnings and revenue.

Clean Energy Fuels ( CLNE ) was up about 8% after the company and dairy digester developer Maas Energy Works said they have agreed to jointly develop nine renewable natural gas production facilities estimated to cost a total of about $130 million.

The European Commission said it approved the Net Zero North Sea Storage joint venture between oil giant BP (BP) and Norwegian energy group Equinor ( EQNR ) . BP was up 0.2% pre-bell.