01:11 PM EDT, 05/26/2026 (MT Newswires) -- Energy stocks declined Tuesday afternoon with the NYSE Energy Sector Index falling 1.6% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2%.

The Philadelphia Oil Service Sector Index shed 0.6%, and the Dow Jones US Utilities Index rose 0.5%.

West Texas Intermediate crude oil fell 2.6% to $94.12 a barrel, and global benchmark Brent rose 3.9% to $99.90 a barrel. Henry Hub natural gas futures advanced 1.2% to $2.94 per 1 million BTU.

In corporate news, BP's (BP) board unanimously removed Albert Manifold as chair and director, effective immediately. BP shares fell 4.6%.