Energy stocks declined premarket Thursday, with the Energy Select Sector SPDR Fund (XLE) 0.4% lower recently.
The United States Oil Fund (USO) was down 0.1% and the United States Natural Gas Fund (UNG) was 1.9% lower.
Front-month US West Texas Intermediate crude oil was slightly lower at $66.90 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil slipped marginally to $70.77 per barrel, and natural gas futures were 2.5% lower at $4.14 per 1 million British Thermal Units.
Enerflex (EFXT) shares were up over 3% after the company said its board approved a normal course issuer bid to repurchase common shares for cancellation. The company also said President and Chief Executive Marc Rossiter stepped down from his roles, effective immediately, and Chief Financial Officer Preet Dhindsa was named interim CEO.
Energy Transfer (ET) was awarded $660 million in damages from Greenpeace following a North Dakota jury trial, the environmental group said. Shares of Energy Transfer were 0.6% higher premarket.
Chevron (CVX) may potentially get a license extension from the White House to continue pumping oil in Venezuela, the Wall Street Journal reported, citing people familiar with the discussions. Chevron shares were down 0.2% pre-bell.
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