Energy stocks were declining premarket Tuesday, with The Energy Select Sector SPDR Fund (XLE) down 0.5%.
The United States Oil Fund (USO) was inactive and the United States Natural Gas Fund (UNG) was 0.4% lower.
Front-month US West Texas Intermediate crude oil was 0.2% lower at $69.03 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined to $73.29 per barrel, and natural gas futures were down 1.2% at $2.94 per 1 million British Thermal Units.
BW LPG (BWLP) shares were up over 2% after the company said its BW LPG India subsidiary has decided to sell its 2007-built vessel BW Cedar for $65 million as part of a planned fleet renewal.
TC Energy (TRP) shares were marginally higher after the company said it plans to implement four new growth projects and has outlined a $199 million payment agreement related to the Coastal GasLink pipeline.
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