01:25 PM EST, 11/11/2024 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index up 0.3% and the Energy Select Sector SPDR Fund (XLE) adding 0.4%.

The Philadelphia Oil Service Sector index climbed 1.6%, and the Dow Jones US Utilities index was rising 0.4%.

Front-month West Texas Intermediate crude oil was declining 3.1% to $68.20 a barrel while the global benchmark Brent crude contract was dropping 2.7% to $71.85 a barrel. Henry Hub natural gas futures jumped nearly 10% to $2.93 per 1 million BTU.

In corporate news, NuScale Power ( SMR ) shares tumbled 6% in recent trading after the company announced a $200 million equity offering program Friday.