Shares of energy companies fell alongside oil futures, which closed just above $85 a barrel.
Oil futures logged their fifth straight weekly gain after testing the $90-per-barrel level earlier in the week for the first time since 2014.
Schlumberger shares slipped even after the oil-services giant reported fourth-quarter sales ahead of Wall Street targets.
Notoriously volatile natural gas futures finished 5.2% higher, but lost 6.2% for the week.
The U.S. and Russia are attempting 11th-hour negotiations to avoid military conflict in Ukraine.
The number of active, oil-targeted drilling rigs in the U.S. fell by one in the latest week to 491, marking the first decline in 13 weeks as freezing temperatures in Texas appeared to slow activity.
France's TotalEnergies said it's withdrawing from Myanmar over shareholder pressure and a deteriorating human-rights situation since the country's military seized power in a coup last year.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-21-22 1621ET
