Energy stocks were declining premarket Wednesday, with The Energy Select Sector SPDR Fund (XLE) down 1%.
The United States Oil Fund (USO) was down 2.6% and the United States Natural Gas Fund (UNG) was 0.8% higher.
Front-month US West Texas Intermediate crude oil was down 2.4% at $66.62 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.8% to reach $69.73 per barrel, and natural gas futures were 1.7% higher at $4.42 per 1 million British Thermal Units.
Ecopetrol (EC) shares were up over 3% after the company reported lower Q4 net income and revenue that still topped analysts' expectations.
VAALCO Energy (EGY) shares were 0.5% higher after the company said it has entered a new six-year revolving credit facility with an initial commitment of $190 million that can go up to $300 million.
Liberty Energy (LBRT) said it has acquired IMG Energy Solutions, which develops distributed power systems. Liberty Energy shares were down 0.7% pre-bell.
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