01:50 PM EDT, 10/24/2025 (MT Newswires) -- Energy stocks fell Friday afternoon with the NYSE Energy Sector Index dropping 0.4% and the Energy Select Sector SPDR Fund (XLE) shedding 0.9%.

The Philadelphia Oil Service Sector Index was little changed, and the Dow Jones US Utilities Index climbed 0.8%.

West Texas Intermediate crude oil rose 0.4% to $62.02 a barrel, and global benchmark Brent advanced 0.7% to $66.42 a barrel. Henry Hub natural gas futures fell 3.4% to $3.23 per 1 million BTU.

In corporate news, ConocoPhillips ( COP ) shares fell 1.8%, a day after Reuters reported that the company is set to lay off workers in Canada in November as part of efforts to reduce its global workforce by up to a quarter by 2026.

TotalEnergies (TTE) is weighing the sale of a 50% stake in Kyon Energy's battery storage systems in Germany, Bloomberg reported. TotalEnergies shares eased 0.2%.

T1 Energy ( TE ) shares dropped 5.3%. The company plans to begin building the 2.1-gigawatt first phase of its G2 Austin solar cell facility in Rockdale, Texas, before year-end.