Sector Update: Energy

01:07 PM EST, 11/04/2026 (MT Newswires) -- Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index falling 5.4% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 5.6%. The Philadelphia Oil Service Sector Index was decreasing 4.3%, and the Dow Jones US Utilities Index rose 0.5%. Front-month West Texas Intermediate crude oil fell 8.7% to $87.69 a barrel, and the global benchmark Brent crude contract slumped 9.3% to $94.01 a barrel. Henry Hub natural gas futures rose 2.4% to $2.96 per 1 million BTU. In corporate news, Peabody Energy (BTU) shares fell past 20% after it reported a Q3 loss Wednesday of $0.27 per diluted share, narrowing from a loss of $0.57 a year earlier. Analysts surveyed by FactSet expected a loss of $0.05 per share. Revenue was $1.10 billion, up from $1.01 billion a year earlier. Analysts expected $1.03 billion.