03:19 PM EST, 01/21/2025 (MT Newswires) -- Energy stocks fell late Tuesday afternoon, with the NYSE Energy Sector Index down 0.2% and the Energy Select Sector SPDR Fund (XLE) shedding 0.7%.

The Philadelphia Oil Service Sector index declined 0.4%, while the Dow Jones US Utilities index was rising 1.9%.

Front-month West Texas Intermediate crude oil fell 2.6% to $75.89 a barrel while the global benchmark Brent crude contract shed 0.8% to $79.51 a barrel. Henry Hub natural gas futures were 4.6% lower at $3.77 per 1 million BTU.

In corporate news, Golar LNG (GLNG) said Tuesday its floating liquified natural gas vessel Gimi has received feed gas from the BP-operated (BP) floating production storage and offloading project located offshore Mauritania and Senegal. Gimi's full commissioning has now begun, with the first LNG export cargo now expected within Q1, it said. Golar shares were down 0.8%.