02:01 PM EST, 11/04/2025 (MT Newswires) -- Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index falling 1% and the Energy Select Sector SPDR Fund (XLE) down 1.1%.

The Philadelphia Oil Service Sector Index was dropping 2.1%, and the Dow Jones US Utilities Index was shedding 0.6%.

Front-month West Texas Intermediate crude oil was declining 0.8% to $60.56 a barrel, and the global benchmark Brent crude contract was decreasing 0.7% to $64.45 a barrel. Henry Hub natural gas futures rose 2.5% to $4.37 per 1 million BTU.

In corporate news, Eni (E) has agreed to cancel 21 liquefied natural gas cargoes to Pakistan under a long-term supply contract, Reuters reported. The cancellations are part of Islamabad's plan to reduce excess LNG imports that have oversupplied its gas network, the report said. Eni shares were down 0.6%.

Marathon Petroleum ( MPC ) shares fell 5.9% after it reported Q3 adjusted income that missed analysts' expectations.

Constellation Energy ( CEG ) said Tuesday it has made a proposal to invest in up to 5,800 megawatts of power generation and battery storage projects in Maryland to meet increasing demand. Constellation shares were down 3.3%.