03:31 PM EDT, 06/27/2025 (MT Newswires) -- Energy stocks fell late Friday afternoon with the NYSE Energy Sector Index dropping 0.7% and the Energy Select Sector SPDR Fund (XLE) shedding 0.8%.

The Philadelphia Oil Service Sector Index decreased 0.6%, while the Dow Jones US Utilities Index rose 0.3%

West Texas Intermediate crude oil was little changed at $65.22 a barrel, and global benchmark Brent declined 0.2% to $67.60 a barrel. Henry Hub natural gas futures climbed 5.8% to $3.73 per 1 million BTU.

In sector news, the Trump administration is preparing executive actions to expand energy supply in support of US artificial intelligence growth, Reuters reported. Proposed measures include easing grid access for power projects and offering federal land for AI data center development.

In corporate news, Shell (SHEL) started subsea compression to increase the amount of gas recovered from the Ormen Lange field in the Norwegian Sea to 85% from 75%. Shell shares eased 0.2%.