03:19 PM EST, 11/15/2024 (MT Newswires) -- Energy stocks were declining late Friday afternoon, with the NYSE Energy Sector Index down 0.3% and the Energy Select Sector SPDR Fund (XLE) shedding 0.1%.

The Philadelphia Oil Service Sector index fell 2%, while the Dow Jones US Utilities index added 1.3%.

Front-month West Texas Intermediate crude oil fell 2.4% to $67.05 a barrel while the global benchmark Brent crude contract dropped 2% to $71.13 a barrel. Henry Hub natural gas futures rose 1.6% to $2.83 per 1 million BTU.

In corporate news, Bloom Energy ( BE ) shares surged 57% after the company signed an agreement to supply American Electric Power ( AEP ) with up to 1 gigawatt of its fuel cells. American Electric rose 2.6%.