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Sector Update: Energy

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Energy stocks were lower late Tuesday afternoon, with the NYSE Energy Sector Index easing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.5%.

The Philadelphia Oil Service Sector Index rose 0.5%, and the Dow Jones US Utilities Index retreated 1%.

Front-month West Texas Intermediate crude oil fell 1.1% to $69.95 a barrel, and the global benchmark Brent crude contract eased 0.3% to $72.92 a barrel. Henry Hub natural gas futures rose 2.3% to $3.26 per 1 million BTU.

In corporate news, JPMorgan Chase (JPM), which is running a stock and note offering from Sable Offshore (SOC), has seen limited investor demand for a loan paying 15%, Bloomberg reported. Sable shares fell past 52%.

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