03:27 PM EST, 01/27/2025 (MT Newswires) -- Energy stocks declined late Monday afternoon with the NYSE Energy Sector Index falling 1% and the Energy Select Sector SPDR Fund (XLE) down 0.9%.

The Philadelphia Oil Service Sector index fell 1.4%, and the Dow Jones US Utilities index slumped 2.6%.

West Texas Intermediate crude oil declined 2.1% to $73.07 a barrel, while global benchmark Brent dropped 2% to $76.96 a barrel. Henry Hub natural gas futures tumbled 5.7% to $3.25 per 1 million BTU.

In corporate news, Eos Energy Enterprises ( EOSE ) said Monday it accessed the final tranche of a term loan facility after meeting some milestones. Its shares were down 4.5%.