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Sector Update: Energy Stocks Decline Late Afternoon
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Sector Update: Energy Stocks Decline Late Afternoon
Oct 21, 2025 1:16 PM

03:53 PM EDT, 10/21/2025 (MT Newswires) -- Energy stocks fell late Tuesday afternoon with the NYSE Energy Sector Index decreasing 0.4% and the Energy Select Sector SPDR Fund (XLE) easing 0.1%.

The Philadelphia Oil Service Sector Index gained 2.7%, while the Dow Jones US Utilities Index fell 1.1%.

West Texas Intermediate crude oil rose 0.5% to $57.82 a barrel, and global benchmark Brent advanced 0.6% to $61.38 a barrel. Henry Hub natural gas futures climbed 2.7% to $3.49 per 1 million BTU.

In corporate news, Eversource Energy ( ES ) shares rose 0.6% after BofA upgraded the stock to buy from neutral and lifted its price objective to $85 from $73.

CenterPoint Energy ( CNP ) shares fell 0.7% after the company agreed to sell its Ohio natural gas local distribution company, Vectren Energy Delivery of Ohio, to National Fuel Gas ( NFG ) for $2.62 billion. National Fuel Gas ( NFG ) shares dropped 4.4%.

Chevron ( CVX ) and Shell (SHEL) are among the oil majors that have reduced oil and gas production at Kazakhstan's Karachaganak field after a Ukrainian drone strike damaged a gas processing plant in Russia, Reuters reported. Chevron ( CVX ) shares fell 0.3%, and Shell eased 0.1%.

Venture Global ( VG ) asked the Federal Energy Regulatory Commission for permission to introduce natural gas by Thursday into the final block of its Plaquemines LNG facility in Louisiana, Reuters reported late Monday. Venture shares rose 3.2%.

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