03:20 PM EDT, 06/14/2024 (MT Newswires) -- Energy stocks were falling late Friday afternoon with the NYSE Energy Sector Index shedding 1.2% and the Energy Select Sector SPDR Fund (XLE) decreasing 0.9%.

The Philadelphia Oil Service Sector index slumped 3.1%, and the Dow Jones US Utilities index eased 0.3%.

West Texas Intermediate crude oil was fractionally down at $78.60 a barrel, and global benchmark Brent crude was fractionally lower at $82.74 a barrel. Henry Hub natural gas futures dropped 2.2% to $2.89 per 1 million BTU.

In corporate news, TotalEnergies (TTE), RWE, and Orsted are planning to participate in the upcoming German offshore wind auction starting Monday, Bloomberg reported Friday. TotalEnergies shares were falling 2.8%.