Sector Update: Energy Stocks Mixed Tuesday Afternoon

01:27 PM EST, 11/10/2026 (MT Newswires) -- Energy stocks were mixed Tuesday afternoon, with the NYSE Energy Sector Index fractionally lower and the State Street Energy Select Sector SPDR ETF (XLE) up 0.4%. The Philadelphia Oil Service Sector Index increased 0.1%, and the Dow Jones US Utilities Index was 0.1% lower. In geopolitical news, US Secretary of State Marco Rubio said there is "no need for major combat operations" against Iran because the economic pressure campaign has been effective, Al Jazeera reported. Front-month West Texas Intermediate crude oil shed 0.5% to $86.38 a barrel, and the global benchmark Brent crude contract decreased 0.7% to $91.92 a barrel. Henry Hub natural gas futures rose 1.1% to $3.25 per 1 million BTU. In corporate news, GE Vernova (GEV) shares fell nearly 7% after SoftBank said it had recognized a $3.73 billion loss from its subsidiary that procures power generation-related equipment for AI data center projects in the US. Roughly 20% of GE Vernova's gas-power order book goes toward data center and AI-type applications, Chief Commercial Officer and Chief Operations Officer Pablo Koziner told CNBC in June. Diamondback Energy (FANG) and KKR (KKR) said Tuesday they agreed to acquire Five Point Infrastructure's 70% stake in Deep Blue Midland Basin, giving them full ownership of the water infrastructure business. Diamondback shares eased 0.1%. Exxon Mobil (XOM) signed a memorandum of understanding with the Venezuelan government and state-owned oil company Petroleos de Venezuela to evaluate potential drilling opportunities, The Wall Street Journal reported. Exxon shares shed 0.5%.