Sector Update: Energy

01:15 PM EDT, 10/21/2026 (MT Newswires) -- Energy stocks were lower to flat Wednesday afternoon, with the NYSE Energy Sector Index flat and the State Street Energy Select Sector SPDR ETF (XLE) down 0.2%. The Philadelphia Oil Service Sector Index was climbing 1%, and the Dow Jones US Utilities Index increased 0.6%. Front-month West Texas Intermediate crude oil fell 1.2% to $96.61 a barrel, and the global benchmark Brent crude contract shed 0.4% to $108.31 a barrel. Henry Hub natural gas futures dropped 4.8% to $2.819 per 1 million BTU. In corporate news, PG&E (PCG) said Wednesday its filing with the California Public Utilities Commission stated the government's takeover of its electric distribution grid in San Francisco would cost $22.5 billion, significantly higher than the City and County of San Francisco municipal government's fair-market estimate of $3.4 billion. PG&E shares were up 0.7%.