03:48 PM EDT, 05/26/2026 (MT Newswires) -- Energy stocks declined late Tuesday afternoon with the NYSE Energy Sector Index falling 2.2% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2.5%.

The Philadelphia Oil Service Sector Index shed 0.2%, and the Dow Jones US Utilities Index rose 0.3%.

West Texas Intermediate crude oil fell 2.7% to $93.96 a barrel, and global benchmark Brent rose 3.8% to $99.79 a barrel. Henry Hub natural gas futures was slightly lower at $2.91 per 1 million BTU.

In corporate news, Occidental Petroleum ( OXY ) is acquiring a 10% stake in Exxon Mobil's ( XOM ) deepwater exploration block off the coast of Trinidad and Tobago, Reuters reported. Occidental shares were down 1.8%, and Exxon fell 3.2%.