02:04 PM EDT, 08/26/2025 (MT Newswires) -- Energy stocks fell Tuesday afternoon with the NYSE Energy Sector Index shedding 0.8% and the Energy Select Sector SPDR Fund (XLE) dropping 0.7%.

The Philadelphia Oil Service Sector Index declined 1%, and the Dow Jones US Utilities Index rose 0.1%.

West Texas Intermediate crude oil lost 2.3% to $63.29 a barrel, and global benchmark Brent dropped 2.3% to $67.24 a barrel. Henry Hub natural gas futures fell 0.1% to $2.69 per 1 million BTU.

In corporate news, BW LPG ( BWLP ) shares dropped 5.8% after the company reported a decline in Q2 earnings.

Energy Fuels ( UUUU ) shares jumped 13% after the company signed a memorandum of understanding with Vulcan Elements to collaborate on building a domestic supply chain for rare earth magnets.

Oklo ( OKLO ) is well positioned to address the looming data center power crunch driven by artificial intelligence, BofA Securities said. BofA started coverage of Oklo ( OKLO ) with a buy rating and $92 price objective. Oklo ( OKLO ) shares rose 3.6%.