01:25 PM EDT, 03/11/2024 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 0.1% and the Energy Select Sector SPDR Fund (XLE) adding 0.3%.

The Philadelphia Oil Service Sector index climbed 0.8% and the Dow Jones US Utilities index was rising 0.2%.

Front-month West Texas Intermediate crude oil was declining 0.2% to $77.87 a barrel while the global benchmark Brent crude contract was advancing 0.1% to $82.18 a barrel. Henry Hub natural gas futures slumped 2.6% to $1.76 per 1 million BTU.

In corporate news, Amplify Energy ( AMPY ) surged 13% as the US Coast Guard said it believes that the oil sheen off Huntington Beach, California, and the discharge of produced water from Platform Elly are not related.