Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index down 1% and the Energy Select Sector SPDR Fund (XLE) falling 1.3%.
The Philadelphia Oil Service Sector index slumped 2.2%, while the Dow Jones US Utilities index rose 0.3%.
Front-month West Texas Intermediate crude oil declined 0.8% to $60.43 a barrel, and the global benchmark Brent crude contract shed 0.4% to $63.88 a barrel. Henry Hub natural gas futures fell 1.5% to $3.47 per 1 million BTU.
In corporate news, EOG Resources (EOG) said Friday it agreed to buy oil and gas firm Encino Acquisition Partners for $5.6 billion, including debt, as it aims to expand its presence in the Utica shale basin. EOG shares were falling 1.3%.
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