03:15 PM EDT, 04/29/2024 (MT Newswires) -- Energy stocks rose late Monday afternoon with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each adding 0.2%.

The Philadelphia Oil Service Sector index shed 0.4% and the Dow Jones US Utilities index climbed 1.3%.

West Texas Intermediate crude oil 1.4% to $82.68 a barrel, while global benchmark Brent dropped 1.2% to $88.43 a barrel. Henry Hub natural gas futures jumped 5.7% to $2.03 per 1 million BTU.

In corporate news, Petrobras (PBR) said Monday it will work with a Brazilian trade group to identify new business opportunities in the energy sector. Its shares spiked 2%.