03:24 PM EDT, 04/09/2024 (MT Newswires) -- Energy stocks were declining late Tuesday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each down 0.3%.

The Philadelphia Oil Service Sector index was falling 1%, while the Dow Jones US Utilities index was fractionally higher.

Front-month West Texas Intermediate crude oil was declining 1.3% to $85.29 a barrel while the global benchmark Brent crude contract was dropping 1% to $89.48 a barrel. Henry Hub natural gas futures were 2.1% higher at $1.88 per 1 million BTU.

In corporate news, Enterprise Products Partners ( EPD ) said Tuesday the US Maritime Administration granted it a deepwater port license for the Sea Port Oil Terminal. Its shares were falling nearly 1%.