Sector Update: Energy

01:14 PM EST, 11/03/2026 (MT Newswires) -- Energy stocks fell Tuesday afternoon with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each declining 0.2%. The Philadelphia Oil Service Sector Index dropped 0.7%, and the Dow Jones US Utilities Index lost 0.2%. West Texas Intermediate crude oil fell 0.6% to $95.87 a barrel, and global benchmark Brent declined 1.2% to $103.55 a barrel. Henry Hub natural gas futures rose 1% to $2.88 per 1 million BTU. In corporate news, Marathon Petroleum (MPC) and MPLX (MPLX) agreed to sell their refineries in St. Paul Park, Minnesota, and Mandan, North Dakota, along with related midstream assets, to CVR Energy (CVI) for $4.2 billion plus inventory value. Marathon will receive $3.45 billion for the refining assets, excluding inventory value, while MPLX will get $750 million for the related midstream assets. Marathon reported Q3 adjusted diluted EPS of $26.93, up from $3.01 a year earlier and above the FactSet consensus of $25.37. Marathon shares fell 0.2%, MPLX declined 1.8%, and CVR slumped 11%.