Stock Futures Today – Energy stocks suffer broad weakness, even as crude and natural gas futures rise

The energy sector was taking a broad beating in afternoon trading Tuesday, to pace the S&P 500
SPX,
-0.21%
sector decliners, even as crude oil and natural gas futures gained ground. The SPDR Energy Select Sector ETF
XLE,
-2.03%
slumped 1.8% with 22 of 23 equity components losing ground, led by the 4.2% drop in APA Corp.’s stock
APA,
-4.50%,
the 3.7% selloff in shares of Baker Hughes Co.
BKR,
-4.02%
and the 2.6% decline in Occidental Petroleum Corp.
OXY,
-3.22%
shares. Of the most active components, shares of Exxon Mobil Corp.
XOM,
-2.26%
slid 2.4% and Marathon Oil Corp.
MRO,
-2.59%
gave up 2.0%. The sector tracker’s lone non-loser was Devon Energy Corp.’s stock
DVN,
-0.58%,
which was little changed. The energy ETF has now lost 5.5% since closing a 15-month high on May 17. Meanwhile, crude oil futures
CL00,
-0.12%
gained 0.1% and natural gas futures
NG00,
+1.18%
rose 0.9%, while the S&P 500
SPX,
-0.21%
slipped 0.2%.