Energy stocks declined premarket Tuesday with the Energy Select Sector SPDR Fund (XLE) down 0.2% recently.

The United States Oil Fund (USO) was down 0.3% and the United States Natural Gas Fund (UNG) was 1.6% lower.

Front-month US West Texas Intermediate crude oil was down 0.8% at $61.05 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell by 0.8% to $64.37 per barrel, and natural gas futures were 1.5% lower at $3.27 per 1 million British Thermal Units.

Evolution Petroleum (EPM) shares rose past 2% after the company said it closed the acquisition of non-operated oil and natural gas assets in New Mexico, Texas, and Louisiana for $9 million.

TotalEnergies (TTE) said it expects its Q1 hydrocarbon production at the high end of its guidance range of 2.5 million to 2.55 million barrels of oil equivalent per day, up nearly 4% from a year earlier. Shares of TotalEnergies were up 0.8% premarket.

Halliburton (HAL) and Nabors Industries (NBR) have completed the first fully automated surface and subsurface implementation of rotary and slide drilling operations in Oman, Halliburton said. Shares of Halliburton were down 0.5% premarket.