01:31 PM EDT, 06/24/2024 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 2.2% and the Energy Select Sector SPDR Fund (XLE) up 2.3%.

The Philadelphia Oil Service Sector index climbed 2.9%, and the Dow Jones US Utilities index added 1.2%.

Front-month West Texas Intermediate crude oil was rising 1.1% to $81.65 a barrel while the global benchmark Brent crude contract was advancing 1% to $86.07 a barrel. Henry Hub natural gas futures were 2.6% higher at $2.78 per 1 million BTU.

In corporate news, Altus Power ( AMPS ) shares were down past 6%. The firm said it acquired an 8.5-megawatt solar array in New Jersey.