02:10 PM EDT, 06/23/2025 (MT Newswires) -- Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index falling 1.7% and the Energy Select Sector SPDR Fund (XLE) dropping 2.6%.

The Philadelphia Oil Service Sector index slumped 4%, and the Dow Jones US Utilities index rose 1.2%.

Front-month West Texas Intermediate crude oil was declining 5.6% to $69.67 a barrel, and the global benchmark Brent crude contract was dropping 5.7% to $72.60 a barrel. Henry Hub natural gas futures were 4.2% lower at $3.69 per 1 million BTU.

In corporate news, Eni (E) reduced its personnel at the Zubair oil and gas field in Iraq, Reuters reported, citing a company spokesman. The precautionary move followed US attacks on key Iranian nuclear sites over the weekend, the report said. Eni shares were down 1.5%.

Centuri ( CTRI ) shares popped 4% after it said Monday it was awarded over $575 million in contracts, reflecting a mix of gas and electric infrastructure work in the US.

Golar LNG (GLNG) said Monday that the floating liquefied natural gas vessel FLNG Gimi has reached the commercial operations date for its 20-year lease and operate agreement on the Greater Tortue Ahmeyim project offshore Mauritania and Senegal. Golar shares were down 0.8%.