03:29 PM EDT, 06/18/2025 (MT Newswires) -- Energy stocks fell late Wednesday afternoon with the NYSE Energy Sector Index dropping 0.5% and the Energy Select Sector SPDR Fund (XLE) shedding 0.6%.

The Philadelphia Oil Service Sector index declined 1.1%, and the Dow Jones US Utilities index rose 0.6%.

US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 11.2 million barrels in the week ended June 13 following a decrease of 3.4 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks fell by 11.5 million barrels after a 3.6 million barrel decline in the previous week, a larger drop than the 2.5 million barrel decrease expected in a survey compiled by Bloomberg.

US natural gas stocks rose by 95 billion cubic feet in the week ended June 13, smaller than the 97 billion cubic foot increase expected in a survey compiled by Bloomberg and following an increase of 109 billion cubic feet in the previous week.

West Texas Intermediate crude oil rose 0.5% to $75.21 a barrel, and global benchmark Brent added 0.3% to $76.67 a barrel. Henry Hub natural gas futures gained 3.7% higher to $3.99 per 1 million BTU.

In corporate news, Enphase Energy ( ENPH ) , SolarEdge ( SEDG ) , and Sunrun ( RUN ) face weaker residential solar demand under the proposed US Senate reconciliation bill, RBC Capital Markets said, citing new lease restrictions and the elimination of the 25D tax credit. Enphase shares rose 3.5%, SolarEdge ( SEDG ) gained 6.2%, and Sunrun ( RUN ) added 4.2%.