03:45 PM EDT, 07/21/2025 (MT Newswires) -- Energy stocks fell late Monday afternoon with the NYSE Energy Sector Index shedding 0.8% and the Energy Select Sector SPDR Fund (XLE) dropping 1.1%.

The Philadelphia Oil Service Sector Index eased 0.1%, while the Dow Jones US Utilities Index added 0.1%.

West Texas Intermediate crude oil declined 0.5% to $67 a barrel, and global benchmark Brent shed 0.3% to $69.06 a barrel. Henry Hub natural gas futures slumped 7.2% to $3.31 per 1 million BTU.

In corporate news, NextNRG ( NXXT ) completed a financial restructuring that consists of a debt conversion agreement and refinancing plan, lowering the company's monthly burn by $1 million. The shares fell 4.7%.

CenterPoint Energy ( CNP ) said Jesus Soto Jr. will join as chief operating officer on Aug. 11. The shares rose 0.2%.

BP (BP) shareholder and activist investor Elliott Investment Management urged the oil company's new chairman to fix its high costs and the way it allocates capital, Bloomberg reported. BP shares rose 0.6%.

Eco Wave Power Global ( WAVE ) shares jumped 19% after the company signed an agreement with C&S Welding to install its wave energy floaters and energy conversion unit at the Port of Los Angeles.