-- Energy stocks were leaning lower premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.3%.
The United States Oil Fund (USO) was down 0.1% and The United States Natural Gas Fund (UNG) was 0.3% lower.
Front-month US West Texas Intermediate crude oil was 0.9% higher at $92.10 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.5% to $95.30 per barrel, and natural gas futures were up 0.4% at $2.61 per 1 million British Thermal Units.
Borr Drilling (BORR) shares were down more than 2% after the company priced a $260 million offering of 3.50% senior notes due 2033.
NOV (NOV) stock was down more than 2% after the company said disruptions linked to the war in the Middle East are expected to weigh on its Q1 results, with revenue and earnings coming in below prior guidance due to logistical challenges and delayed equipment deliveries in the region.