08:47 AM EDT, 03/19/2025 (MT Newswires) -- Energy stocks were declining premarket Wednesday, with The Energy Select Sector SPDR Fund (XLE) 0.2% lower.

The United States Oil Fund (USO) was 0.2% lower and the United States Natural Gas Fund (UNG) was up 2.1%.

Front-month US West Texas Intermediate crude oil was down 0.2% at $66.77 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.1% to reach $70.50 per barrel, and natural gas futures were up 2.4% at $4.15 per 1 million British Thermal Units.

Nabors Industries ( NBR ) shares were down 1% after the company said CFO William Restrepo will retire on Sept. 30.