02:01 PM EST, 11/20/2025 (MT Newswires) -- Energy stocks fell Thursday afternoon with the NYSE Energy Sector Index decreasing 0.6% and the Energy Select Sector SPDR Fund (XLE) declining 0.8%.

The Philadelphia Oil Service Sector Index slumped 2.7%, and the Dow Jones US Utilities Index eased 0.2%.

West Texas Intermediate crude oil declined 0.1% to $59.41 a barrel, and the global benchmark Brent crude contract decreased 0.1% to $63.47 a barrel. Henry Hub natural gas futures dropped 1.6% to $4.48 per 1 million BTU.

In sector news, US natural gas stocks fell by 14 billion cubic feet in the week ended Friday, compared with a drop of 15 billion expected in a survey compiled by Bloomberg and following an increase of 45 billion in the previous week.

In corporate news, Exxon Mobil ( XOM ) is ending a force majeure on its Rovuma liquefied natural gas project in Mozambique as security concerns ease, Bloomberg reported. Exxon shares fell 0.4%.

TotalEnergies (TTE) rejected a complaint filed in France alleging it was complicit in war crimes near a Mozambique LNG gas site in 2021, saying project staff were not on site after an April 2021 evacuation. TotalEnergies shares decreased 1%.

BHP (BHP) is facing an expanded product ban in China after a state-owned iron ore buyer ordered steel mills and traders to stop purchasing Jinbao fines, a low-grade iron ore product, Reuters reported. BHP shares fell 2.1%.

BP (BP) closed the 400-mile Olympic Pipeline in Washington state following a recent leak, Reuters reported Wednesday. BP shares dropped 0.5%.