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Sector Update: Energy
Apr 1, 2025 6:29 AM

09:02 AM EDT, 04/01/2025 (MT Newswires) -- Energy stocks were leaning lower premarket Tuesday, with The Energy Select Sector SPDR Fund (XLE) down 0.3%.

The United States Oil Fund (USO) was up 0.1% and the United States Natural Gas Fund (UNG) was 1.4% lower.

Front-month US West Texas Intermediate crude oil was down 0.2% at $71.32 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 0.2% to $74.60 per barrel, and natural gas futures were 0.6% lower at $4.09 per 1 million British Thermal Units.

Chevron ( CVX ) shares were 0.1% lower after its Chevron USA unit said overnight it closed the sale of a 70% interest in its East Texas gas assets to an affiliate of TG Natural Resources for $525 million, with $75 million paid in cash and $450 million as a capital carry to fund Haynesville development.

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