Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index falling 0.9% and the Energy Select Sector SPDR Fund (XLE) dropping 1.7%.
The Philadelphia Oil Service Sector index slumped 3.2%, and the Dow Jones US Utilities index shed 0.2%.
Front-month West Texas Intermediate crude oil was declining 2.4% to $70.71 a barrel while the global benchmark Brent crude contract was dropping 2.3% to $74.74 a barrel. Henry Hub natural gas futures jumped 3.4% to $4.29 per 1 million BTU.
In corporate news, ConocoPhillips (COP) said it signed a deal to sell its interests in the Ursa and Europa Fields and Ursa Oil Pipeline Company to Shell's (SHEL) subsidiaries for $735 million. ConocoPhillips was falling 3%, and Shell was down 2.3%.
Diamondback Energy (FANG) on Thursday said Travis Stice will step down as chief executive but remain as executive chairman through the company's 2026 annual meeting. Diamondback shares were down 3.3%.
Solaris Energy Infrastructure (SEI) shares jumped 25% after it reported an increase in Q4 revenue, while adjusted earnings declined.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。