01:24 PM EST, 02/11/2025 (MT Newswires) -- Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the Energy Select Sector SPDR Fund (XLE) adding 1.2%.

The Philadelphia Oil Service Sector index climbed 1.1%, while the Dow Jones US Utilities index was down 0.2%.

Front-month West Texas Intermediate crude oil was rising 1.3% to $73.26 a barrel while the global benchmark Brent crude contract was advancing 1.4% to $76.95 a barrel. Henry Hub natural gas futures rose 2.3% to $3.52 per 1 million BTU.

In corporate news, Schlumberger ( SLB ) is reorganizing some business functions and continuing workforce reductions, Reuters reported. Its shares added about 2%.