03:14 PM EST, 02/04/2025 (MT Newswires) -- Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index adding 2.1% and the Energy Select Sector SPDR Fund (XLE) up 2%.

The Philadelphia Oil Service Sector index climbed 2.5%, while the Dow Jones US Utilities index was down 0.6%.

In sector news, China plans to impose 15% tariffs on US coal and liquefied natural gas imports and a 10% tariff on crude oil, agricultural machinery, large-displacement cars, and pickup trucks. The move follows the Trump administration's announcement of a 10% additional tariff on imports from China late Friday.

Front-month West Texas Intermediate crude oil was declining 0.7% to $72.63 a barrel while the global benchmark Brent crude contract was up 0.1% at $76.06 a barrel. Henry Hub natural gas futures fell 3% to $3.25 per 1 million BTU.

In corporate news, WEC Energy ( WEC ) reported Q4 earnings Tuesday of $1.43 per diluted share, up from $0.69 a year earlier. Analysts polled by FactSet expected $1.44. Its shares shed 0.5%.