03:59 PM EDT, 08/01/2025 (MT Newswires) -- Energy stocks fell late Friday afternoon with the NYSE Energy Sector Index declining 1.3% and the Energy Select Sector SPDR Fund (XLE) dropping 2%.

The Philadelphia Oil Service Sector Index shed 3.6%, while the Dow Jones US Utilities Index rose 0.6%.

West Texas Intermediate crude oil declined 2.8% to $67.29 a barrel, and global benchmark Brent dropped 3% to $69.56 a barrel. Henry Hub natural gas futures eased 0.4% to $3.10 per 1 million BTU.

In sector news, BlackRock (BLK), the asset management arm of State Street (STT), and Vanguard must face an antitrust lawsuit over alleged collusion to reduce coal production, multiple news reports said Friday, citing a court ruling.

In corporate news, Dominion Energy ( D ) shares rose 3.5% after the company reported Q2 non-GAAP earnings and operating revenue that beat Wall Street estimates.

Imperial Oil ( IMO ) shares shed 0.2% after it reported Q2 results that decreased year-over-year, with revenue missing analyst expectations.

TXNM Energy (TXNM) shares were fractionally lower after it reported Q2 ongoing net earnings that declined from a year earlier and fell short of consensus forecasts.

Vale (VALE) is still considering an investment in Eurasian Resources' Brazilian mine project but hasn't yet found a cost-effective way to proceed, Bloomberg reported, citing Chief Financial Officer Marcelo Bacci. Vale shares rose 1.8%.