01:56 PM EST, 11/19/2025 (MT Newswires) -- Energy stocks fell Wednesday afternoon with the NYSE Energy Sector Index declining 1.1% and the Energy Select Sector SPDR Fund (XLE) dropping 1.2%.

The Philadelphia Oil Service Sector Index eased 0.3%, and the Dow Jones US Utilities Index shed 0.2%.

West Texas Intermediate crude oil declined 2.3% to $59.36 a barrel, and global benchmark Brent dropped 2.2% to $63.45 a barrel. Henry Hub natural gas futures rose 3.9% to $4.54 per 1 million BTU.

US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 2.9 million barrels in the week ended Friday following an increase of 7.2 million in the previous week. Excluding inventories in the SPR, commercial crude oil stocks fell by 3.4 million after a gain of 6.4 million in the previous week, compared with a drop of 1.7 million expected in a survey compiled by Bloomberg.

In sector news, Saudi Aramco signed 17 memoranda of understanding and agreements potentially worth $30 billion with US companies.

In corporate news, TotalEnergies (TTE) agreed to buy an additional 50% operated interest in Nigeria's OPL257 block from Conoil Producing, while transferring its 40% stake in OML136 to Conoil. TotalEnergies shares fell 1.6%.

Eversource Energy ( ES ) shares tumbled 11% after Wells Fargo downgraded the stock to equal weight from overweight and cut its price target to $63 from $79.

Constellation Energy ( CEG ) shares rose 6%, a day after the company finalized a $1 billion loan for its Crane Clean Energy Center in Pennsylvania from the US Department of Energy.