Energy stocks declined premarket Monday as the Energy Select Sector SPDR Fund (XLE) fell by 0.1% recently.
The United States Oil Fund (USO) was down 0.6% and the United States Natural Gas Fund (UNG) was 1.5% lower.
Front-month US West Texas Intermediate crude oil was down 0.1% at $62.94 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.1% to $66.79 per barrel, and natural gas futures were 2.4% lower at $2.87 per 1 million British Thermal Units.
Alliance Resource Partners (ARLP) shares advanced by almost 3% even after the company reported lower Q1 earnings and revenue.
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