03:25 PM EDT, 04/23/2024 (MT Newswires) -- Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index gaining 0.5% and the Energy Select Sector SPDR Fund (XLE) adding 0.3%.

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

West Texas Intermediate crude rose1.8% to $83.36 a barrel, while global benchmark Brent advanced 1.7% to $88.44 a barrel. Henry Hub natural-gas futures spiked 2.5% to $1.84 per 1 million BTU.

In corporate news, NextEra Energy Partners ( NEP ) shares jumped almost 6% after the company reported Q1 earnings of $0.75 per common unit, swinging from a per-unit loss of $0.17 a year earlier.