03:36 PM EST, 01/21/2025 (MT Newswires) -- Energy stocks fell late Tuesday afternoon, with the NYSE Energy Sector Index down 0.2% and the Energy Select Sector SPDR Fund (XLE) shedding 0.7%.

The Philadelphia Oil Service Sector index declined 0.4%, while the Dow Jones US Utilities index was rising 1.9%.

Front-month West Texas Intermediate crude oil fell 2.6% to $75.89 a barrel while the global benchmark Brent crude contract shed 0.8% to $79.51 a barrel. Henry Hub natural gas futures were 4.6% lower at $3.77 per 1 million BTU.

In corporate news, NRG Energy ( NRG ) shares rose past 7% after Evercore ISI upgraded the stock to outperform from in line and raised its price target to $126 from $74.

Golar LNG (GLNG) said Tuesday its floating liquified natural gas vessel Gimi has received feed gas from the BP-operated (BP) floating production storage and offloading project located offshore Mauritania and Senegal. Gimi's full commissioning has now begun, with the first LNG export cargo now expected within Q1, it said. Golar shares were down 0.8%.

Chevron ( CVX ) has expressed interest in an open exploration block managed by Greece's Hellenic Hydrocarbons and Energy Resources Management, news outlets reported Monday, citing the country's energy ministry. Chevron ( CVX ) shares were down 2.2%.

GeoPark ( GPRK ) shares fell 4.8% after the company said it plans to offer senior notes in a private placement to institutional buyers.