03:21 PM EDT, 10/22/2024 (MT Newswires) -- Energy stocks were rising late Tuesday afternoon with the NYSE Energy Sector Index up 0.1% and the Energy Select Sector SPDR Fund (XLE) adding 0.4%.

The Philadelphia Oil Service Sector index shed 0.6%, and the Dow Jones US Utilities index eased 0.2%.

West Texas Intermediate crude oil rose 2.2% to $72.09 a barrel, while global benchmark Brent advanced 2.1% to $75.88 a barrel. Henry Hub natural gas futures declined 0.4% to $2.30 per 1 million BTU.

In corporate news, Eni (E) is planning to invest nearly 2 billion euros ($2.16 billion) to transition its chemicals business in Italy to decarbonized options from fossil fuel-based products, Bloomberg reported. Eni shares were fractionally lower.