01:27 PM EDT, 04/26/2024 (MT Newswires) -- Energy stocks were retreating Friday afternoon, with the NYSE Energy Sector Index decreasing 0.5% and the Energy Select Sector SPDR Fund (XLE) down 1%.

The Philadelphia Oil Service Sector index was posting a 0.7% increase and the Dow Jones US Utilities index was shedding 0.6%.

Front-month West Texas Intermediate crude oil was rising 0.3% to $83.83 a barrel while the global benchmark Brent crude contract was advancing 0.4% to $89.35 a barrel. Henry Hub natural gas futures tumbled 2.3% to $1.60 per 1 million BTU.

In corporate news, Exxon Mobil ( XOM ) shares sank 2.8% after the company's Q1 earnings declined annually and missed market estimates, impacted by lower oil refining margins and natural gas prices.