Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index decreasing 1% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 1.2%.

The Philadelphia Oil Service Sector Index was falling 4.1%, and the Dow Jones US Utilities Index was down 1.3%.

Front-month West Texas Intermediate crude oil rose 1.2% to $101.21 a barrel, and the global benchmark Brent crude contract added 1% to $105.64 a barrel. Henry Hub natural gas futures added 1.7% to $2.88 per 1 million BTU.

In corporate news, NextEra Energy (NEE) shares were down 0.6% after it said Monday it continues to expect 2026 adjusted earnings per share of $3.92 to $4.02 and is targeting the high end of that range.