03:43 PM EDT, 06/04/2024 (MT Newswires) -- Energy stocks fell late Tuesday afternoon with the NYSE Energy Sector Index dropping 1.6% and the Energy Select Sector SPDR Fund (XLE) down 1.4%.

The Philadelphia Oil Service Sector index declined 2.8%, and the Dow Jones US Utilities index rose 0.6%.

West Texas Intermediate crude fell 1.3% to $73.28 per barrel, while global benchmark Brent crude dropped 1.1% to $77.53 a barrel. Henry Hub natural-gas futures tumbled 6.1% to $2.59 per 1 million BTU.

In corporate news, US prosecutors are attempting to extradite an Israeli private investigator from London amid a probe into an alleged hacking-for-hire operation that targeted opponents of Exxon Mobil ( XOM ) and Elliott Management, The Wall Street Journal reported. Exxon shares fell 1.9%.

Woodside Energy Group ( WDS ) and Saudi Aramco are discussing investments in Tellurian's (TELL) liquefied natural gas export plant in Louisiana, Bloomberg reported. Woodside shares fell 1.4%, and Tellurian jumped 17%.

Occidental Petroleum ( OXY ) shares fell 1.5%. The company formed a joint venture with Berkshire Hathaway (BRK.A) subsidiary BHE Renewables to advance commercial lithium production.

Clean Energy Fuels ( CLNE ) opened renewable natural gas fueling stations in San Bernadino and Perris, California. The stock dropped 2.4%.