Energy stocks were declining premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) down 0.1%.

The United States Oil Fund (USO) was 0.5% lower and the United States Natural Gas Fund (UNG) was up 3.3%.

Front-month US West Texas Intermediate crude oil was down 0.1% at $58.31 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.2% to $62.12 per barrel, and natural gas futures were 1.3% higher at $4.30 per 1 million British Thermal Units.

BP (BP) stock was 0.1% higher pre-bell. BP's Castrol India business has received an open offer from private equity firm Stonepeak and the Canada Pension Plan Investment Board to acquire up to 25.7 million shares, representing a 26% stake in the company, an Indian exchange filing showed Wednesday.

Sable Offshore (SOC) said Wednesday that segments of the interstate Santa Ynez Pipeline System received an emergency permit from the US Department of Transportation, Pipeline and Hazardous Material Safety Administration. Sable Offshore stock was 0.8% lower premarket.