03:24 PM EDT, 07/22/2024 (MT Newswires) -- Energy stocks fell late Monday afternoon with the NYSE Energy Sector Index shedding 0.3% and the Energy Select Sector SPDR Fund (XLE) decreasing 0.5%.

The Philadelphia Oil Service Sector index lost 0.4%, and the Dow Jones US Utilities index rose 0.7%.

West Texas Intermediate crude oil declined 0.4% to $79.78 a barrel, while global benchmark Brent shed 0.3% to $82.37 a barrel. Henry Hub natural gas futures jumped 4.8% to $2.23 per 1 million BTU.

In corporate news, Petrobras (PBR) was asked to reimburse chemical company Unigel for losses incurred after a tolling contract between the companies fell through, Reuters reported. Petrobras shares fell 1.3%.