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Sector Update: Energy Stocks Retreat Late Afternoon
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Sector Update: Energy Stocks Retreat Late Afternoon
Nov 24, 2025 1:26 PM

03:48 PM EST, 11/24/2025 (MT Newswires) -- Energy stocks declined late Monday afternoon, with the NYSE Energy Sector Index shedding 0.4% and the Energy Select Sector SPDR Fund (XLE) falling 0.2%.

The Philadelphia Oil Service Sector Index rose 0.5%, and the Dow Jones US Utilities Index added 1.2%.

West Texas Intermediate crude oil rose 1.5% to $58.92 a barrel, and global benchmark Brent advanced 1.5% to $63.46 a barrel. Henry Hub natural gas futures fell 1% to $4.53 per 1 million BTU.

In corporate news, National Grid ( NGG ) shares fell 2.3% after BNP Paribas Exane downgraded the stock to underperform from outperform and cut its price target to $70 from $83.

TotalEnergies (TTE) is planning a sale of up to a 6% stake in India-based renewable energy company Adani Green Energy, The Economic Times reported. TotalEnergies shares eased 0.1%.

Woodside Energy ( WDS ) workers at the Pluto LNG 2 project were cleared by Australia's Fair Work Commission to hold a strike ballot, Reuters reported. Woodside shares fell 0.9%.

BP (BP) continued to search for the source of a leak on its Olympic Pipeline near Everett, Washington, on Sunday, nearly two weeks after the breach was detected, news outlets reported. BP shares were 0.3% lower.

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