Shares of energy companies ticked down as traders shifted focus from rate-cut enthusiasm to demand worries.
Oil futures fell 0.7% to $63.57 a barrel.
U.S. natural gas futures fell after the Energy Information Administration reported an above-consensus 90 billion-cubic-foot increase in underground storage.
A federal judge ruled that U.S. bondholders have valid claims over Venezuela's Citgo Petroleum, declining to nullify a $1.7 billion bond issuance by the bankrupt South American country.
Saudi Arabia signed a defense pact with Pakistan, the only Muslim-majority country with nuclear weapons. The deal was announced a week after Israel carried out a missile attack targeting Hamas political officials in Qatar, another key U.S. Arab Gulf partner.