Energy stocks were slightly higher Friday afternoon, with the NYSE Energy Sector Index rising 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.3%.

The Philadelphia Oil Service Sector Index was decreasing 0.9%, and the Dow Jones US Utilities Index was fractionally higher.

Front-month West Texas Intermediate crude oil fell 2.4% to $100.05 a barrel, and the global benchmark Brent crude contract dropped 2.5% to $104.92 a barrel. Henry Hub natural gas futures shed 1% to $2.81 per 1 million BTU.

In corporate news, Chevron's (CVX) $7 billion expansion in Venezuela will be funded with cash generated from the country, Bloomberg reported, citing CEO Mike Wirth as saying at the University of Texas' Energy Symposium in Austin. The company's plan to double production to over 600,000 barrels per day over the next five years will be funded by its three joint ventures in the country, the report said. Chevron shares were up 0.5%.