03:18 PM EST, 02/25/2025 (MT Newswires) -- Energy stocks declined late Tuesday afternoon with the NYSE Energy Sector Index falling 1.1% and the Energy Select Sector SPDR Fund (XLE) dropping 1.3%.

The Philadelphia Oil Service Sector index retreated 1.5%, and the Dow Jones US Utilities index shed 1.1%.

West Texas Intermediate crude oil fell 2.4% to $69.04 a barrel, and global benchmark Brent dropped 2.2% to $73.11 a barrel. Henry Hub natural gas futures rose 3.5% to $4.134 per 1 million BTU.

In corporate news, Diamondback Energy ( FANG ) may establish a joint venture to provide electricity for its Permian Basin operations and data centers in West Texas. The shares fell 1.3%.