01:28 PM EDT, 10/11/2024 (MT Newswires) -- Energy stocks rose Friday afternoon with the NYSE Energy Sector Index up 0.4% and the Energy Select Sector SPDR Fund (XLE) adding 0.7%.

The Philadelphia Oil Service Sector index advanced 0.8%, and the Dow Jones US Utilities index climbed 0.7%.

West Texas Intermediate crude oil fell 1.1% to $75.04 a barrel, while global benchmark Brent dropped 0.9% to $78.68 a barrel. Henry Hub natural gas futures declined 1.4% to $2.64 per 1 million BTU.

In corporate news, US Energy ( USEG ) shares jumped 8% after the company regained compliance with Nasdaq's minimum bid price rules.