03:35 PM EDT, 09/29/2025 (MT Newswires) -- Energy stocks declined late Monday afternoon, with the NYSE Energy Sector Index falling 2% and the Energy Select Sector SPDR Fund (XLE) dropping 2.1%.

The Philadelphia Oil Service Sector Index shed 1.8%, and the Dow Jones US Utilities Index added 0.3%.

West Texas Intermediate crude oil slumped 3.8% to $63.20 a barrel, and global benchmark Brent dropped 3.4% to $67.73 a barrel. Henry Hub natural gas futures rose 2% to $3.27 per 1 million BTU.

In corporate news, PG&E ( PCG ) shares rose 0.8% after it said in an investor presentation Monday that it plans to invest $73 billion in capex from 2026 to 2030.