Energy stocks erased some of their earlier declines on Friday afternoon, with the NYSE Energy Sector Index falling 1.0% while the SPDR Energy Select Sector ETF (XLE) was down 0.8%. The Philadelphia Oil-Service Sector Index fell 0.7%, while the Dow Jones US Utilities Index rose 1.9%.
West Texas Intermediate crude was down $1.56 to $80.08 a barrel, having previously fallen to $77.23 before recouping some of its losses on Friday afternoon. Brent crude from the North Sea was…
