03:36 PM EDT, 04/01/2024 (MT Newswires) -- Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 0.8% and the Energy Select Sector SPDR Fund (XLE) adding 0.9%.

The Philadelphia Oil Service Sector Index was gaining 1%, while the Dow Jones US Utilities Index was decreasing 0.5%.

Front-month West Texas Intermediate crude oil was rising 0.8% to $83.84 a barrel, while global benchmark Brent was advancing 0.6% to $87.51 a barrel. Henry Hub natural-gas futures jumped 4.3% to $1.84 per 1 million BTU.

In corporate news, Vital Energy ( VTLE ) said Monday it has priced its $200 million offering of 7.875% notes due 2032 at 100.75% of par in a private placement, with closing expected Wednesday. Its shares decreased 0.2%.

Ballard Power Systems ( BLDP ) shares jumped 17% after it said Monday it signed a long-term supply agreement with bus maker Solaris Bus & Coach to supply 1,000 hydrogen fuel cell engines through 2027 across Europe.

APA (APA) shares rose 2.9% after it said Monday it has completed its acquisition of Callon Petroleum ( CPE ) . Shareholders of both companies approved the transaction at special meetings on Wednesday. Callon was up 1.8%.

Baytex Energy ( BTE ) shares added 2.2% as it said Monday it completed a $575 million private offering of senior notes due 2032.