03:26 PM EDT, 06/07/2024 (MT Newswires) -- Energy stocks were declining late Friday afternoon, with the NYSE Energy Sector Index shedding 0.6% and the Energy Select Sector SPDR Fund (XLE) down 0.2%.

The Philadelphia Oil Service Sector index was posting a 0.1% increase, and the Dow Jones US Utilities index was falling 0.9%.

Front-month West Texas Intermediate crude oil fell 0.3% to $75.32 a barrel while the global benchmark Brent crude contract decreased 0.6% to $79.43 a barrel. Henry Hub natural gas futures jumped 3.7% to $2.93 per 1 million BTU.

In corporate news, Air Products and Chemicals ( APD ) will supply 70,000 tons of green hydrogen starting 2030 to TotalEnergies' (TTE) Northern European refineries annually under a 15-year deal, cutting 700,000 tons of annual CO2 emissions, the companies said Friday. Air Products shares gained 3.8% and TotalEnergies was down 1.4%.