03:32 PM EST, 11/19/2025 (MT Newswires) -- Energy stocks fell late Wednesday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each dropping 1.3%.

The Philadelphia Oil Service Sector Index shed 0.6%, and the Dow Jones US Utilities Index decreased 0.4%.

West Texas Intermediate crude oil declined 2.2% to $59.40 a barrel, and global benchmark Brent dropped 2.1% to $63.50 a barrel. Henry Hub natural gas futures rose 4.6% to $4.57 per 1 million BTU.

US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 2.9 million barrels in the week ended Friday, following an increase of 7.2 million in the previous week. Excluding inventories in the SPR, commercial crude oil stocks fell by 3.4 million after a gain of 6.4 million in the previous week, compared with a drop of 1.7 million expected in a survey compiled by Bloomberg.

In corporate news, TotalEnergies (TTE) and Chevron ( CVX ) are the frontrunners to buy a 40% operating stake in Galp's Mopane oil discovery offshore Namibia, Reuters reported. TotalEnergies shares were down 1.6%, and Chevron ( CVX ) fell 1.4%.