-- Energy stocks were lower late Tuesday afternoon, with the NYSE Energy Sector Index falling 2.3% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2.2%.
The Philadelphia Oil Service Sector Index was shedding 2.7%, and the Dow Jones US Utilities Index was up 0.4%.
Front-month West Texas Intermediate crude oil sank 7.5% to $91.65 a barrel, and the global benchmark Brent crude contract dropped 4.5% to $94.92 a barrel. Henry Hub natural gas futures decreased 0.9% to $2.60 per 1 million BTU.
In corporate news, Exxon Mobil (XOM) and Dow (DOW) are among companies raising prices for plastics as the US-Israel war with Iran drives fuel and feedstock costs higher, Bloomberg reported. Exxon shares were down 2.5%, and Dow was shedding 2.3%.