Sector Update: Energy

03:35 PM EST, 11/05/2026 (MT Newswires) -- Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index down 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 1.6%. The Philadelphia Oil Service Sector Index was falling 3.3%, and the Dow Jones US Utilities Index decreased 1.2%. Front-month West Texas Intermediate crude oil rose 3.1% to $90.81 a barrel, and the global benchmark Brent crude contract climbed up 4% to $98.44 a barrel. Henry Hub natural gas futures shed 0.3% to $2.95 per 1 million BTU. In corporate news, Expro (XPRO) shares fell past 7% after Barclays downgraded the stock to equalweight from overweight with a price target of $14 per share.