09:23 AM EDT, 09/24/2025 (MT Newswires) -- Energy stocks were rising pre-bell Wednesday, with the Energy Select Sector SPDR Fund ( XLE ) advancing by 0.6%.

The United States Oil Fund ( USO ) was 1.1% higher and the United States Natural Gas Fund ( UNG ) was down 0.8%.

Front-month US West Texas Intermediate crude oil was 1.5% higher at $64.38 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 1.2% to $67.80 per barrel. Natural gas futures were down 0.6% at $3.122 per 1 million British Thermal Units.

Chevron ( CVX ) has reduced its Venezuelan oil exports by 50% following new US Treasury Department rules, Reuters reported, citing sources close to the matter. Chevron ( CVX ) shares were 0.5% higher premarket.

TotalEnergies (TTE) and Germany's RWE won a French government tender to build the Centre Manche 2 offshore wind farm off the coast of Normandy with a capacity of 1.5 gigawatts, the French government said. TotalEnergies shares were up more than 1% pre-bell.

Woodside Energy Group ( WDS ) shares were up nearly 0.2% after the compaby said it has signed a heads of agreement to supply Turkey's state-owned Boru Hatlari ile Petrol Tasima, or Botas, with 5.8 billion cubic meters of natural gas equivalent of LNG for up to nine years beginning in 2030.