Sector Update: Energy

03:27 PM EDT, 10/29/2026 (MT Newswires) -- Energy stocks were higher late Thursday afternoon, with the NYSE Energy Sector Index up 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) fractionally higher. The Philadelphia Oil Service Sector Index added 0.3%, and the Dow Jones US Utilities Index advanced 1.4%. Front-month West Texas Intermediate crude oil decreased 0.6% to $102.17 a barrel, and the global benchmark Brent crude contract shed 0.4% to $114.87 a barrel. Henry Hub natural gas futures dropped 3.5% to $2.93 per 1 million BTU. In corporate news, executives from Exxon Mobil (XOM) and Chevron (CVX) have canceled their plans to attend the United Arab Emirates' largest oil show next week over security concerns, Reuters reported. Exxon CEO Darren Woods was set to attend the conference in Abu Dhabi, while Chevron Upstream president Clay Neff was also slated to appear, the report said. Exxon shares were up 0.4%, and Chevron was adding 0.8%.