03:28 PM EST, 11/08/2024 (MT Newswires) -- Energy stocks were mixed late Friday afternoon, with the NYSE Energy Sector Index decreasing 0.3% and the Energy Select Sector SPDR Fund (XLE) up 0.5%.

The Philadelphia Oil Service Sector index dropped 1.8%, while the Dow Jones US Utilities index climbed 1.9%

Front-month West Texas Intermediate crude oil fell 2.6% to $70.47 a barrel while the global benchmark Brent crude contract dropped 2.2% to $73.99 a barrel. Henry Hub natural gas futures fell about 1% to $2.67 per 1 million BTU.

In corporate news, Energy Vault ( NRGV ) shares jumped 8.2% after the company said Friday it plans to deploy a 57 megawatt Battery Energy Storage System in Scurry County, Texas, and has signed a 10-year offtake agreement with Gridmatic.