03:30 PM EST, 02/03/2025 (MT Newswires) -- Energy stocks were rising late Monday afternoon, with the NYSE Energy Sector Index up 0.2% and the Energy Select Sector SPDR Fund (XLE) adding 0.8%.

The Philadelphia Oil Service Sector index was down 0.5%, and the Dow Jones US Utilities index was up 0.5%.

Front-month West Texas Intermediate crude oil rose 0.7% to $73.02 a barrel while the global benchmark Brent crude contract added 0.3% to $75.90 a barrel. Henry Hub natural gas futures jumped 10% to $3.35 per 1 million BTU.

In corporate news, American States Water ( AWR ) shares fell 2.7% after BofA Securities downgraded its rating to underperform from neutral. The brokerage adjusted its price target on the company's stock to $71 from $85.