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Sector Update: Energy
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Sector Update: Energy
Mar 21, 2025 10:52 AM

01:31 PM EDT, 03/21/2025 (MT Newswires) -- Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index shedding 0.8% and the Energy Select Sector SPDR Fund (XLE) dropping 1.2%.

The Philadelphia Oil Service Sector index was down 1.2%, and the Dow Jones US Utilities index decreased 0.8%.

Front-month West Texas Intermediate crude oil was adding 0.3% to $68.29 a barrel, and the global benchmark Brent crude contract was up 0.2% at $72.15 a barrel. Henry Hub natural gas futures rose 0.3% to $3.99 per 1 million BTU.

In corporate news, National Grid ( NGG ) shares fell 1.5% after a fire at the North Hyde substation in West London damaged equipment, resulting in the loss of power supply in the area, including at Heathrow Airport.

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