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Sector Update: Energy Stocks Decline Premarket Tuesday

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Energy stocks were declining premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.2% lower.

The United States Oil Fund (USO) was down 0.2% and The United States Natural Gas Fund (UNG) was 0.8% higher.

Front-month US West Texas Intermediate crude oil was 0.1% lower at $82.06 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 0.1% to $87.64 per barrel, and natural gas futures were up 0.1% at $2.80 per 1 million British Thermal Units.

Venture Global (VG) stock was down more than 4% after the company reported Q2 revenue that missed analysts' expectations.

Flowco (FLOC) shares were up more than 2% after the company posted higher Q2 earnings and revenue.

Baker Hughes (BKR) has signed a multiyear contract with Kuwait Oil Co. to support technology innovation in the country's upstream energy sector, the company said. Baker Hughes stock was 0.1% higher premarket.

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