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Sector Update: Energy
Jul 15, 2025 10:38 AM

01:29 PM EDT, 07/15/2025 (MT Newswires) -- Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index decreasing 1.3% and the Energy Select Sector SPDR Fund (XLE) falling 1.5%.

The Philadelphia Oil Service Sector index dropped 2.5%, and the Dow Jones US Utilities index was down 1%.

Front-month West Texas Intermediate crude oil was declining 1.1% to $66.28 a barrel, and the global benchmark Brent crude contract was shedding 0.8% to $68.64 a barrel. Henry Hub natural gas futures were 0.9% higher at $3.50 per 1 million BTU.

In sector news, Blackstone (BX) is planning to invest about $25 billion into developing data centers and power plants in Pennsylvania, Reuters reported, citing the company's chief operating officer Jon Gray.

In corporate news, Southern's (SO) subsidiary Georgia Power said its 2025 integrated resource plan has received approval from the Georgia Public Service Commission. Southern shares were little changed.

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