03:24 PM EDT, 08/16/2024 (MT Newswires) -- Energy stocks were mixed late Friday afternoon with the NYSE Energy Sector Index up 0.1% and the Energy Select Sector SPDR Fund (XLE) dropping 0.1%.

The Philadelphia Oil Service Sector index declined 0.2%, and the Dow Jones US Utilities index rose 0.5%.

West Texas Intermediate crude oil fell 2% to $76.58 a barrel, while global benchmark Brent dropped 1.8% to $79.61 a barrel. Henry Hub natural gas futures dropped 3.8% to $2.11 per 1 million BTU.

In corporate news, ReNew Energy Global ( RNW ) shares slumped 6.3% in recent trading, a day after the company reported lower fiscal Q1 earnings.