01:20 PM EST, 02/24/2025 (MT Newswires) -- Energy stocks rose Monday afternoon with the NYSE Energy Sector Index up 0.2% and the Energy Select Sector SPDR Fund (XLE) increasing 0.4%.

The Philadelphia Oil Service Sector index gained 0.6%, and the Dow Jones US Utilities index eased 0.1%.

West Texas Intermediate crude oil rose 0.5% to $70.74 a barrel, while global benchmark Brent advanced 0.5% to $74.81 a barrel. Henry Hub natural gas futures slumped 5.6% to $4 per 1 million BTU.

In corporate news, Kosmos Energy ( KOS ) swung to an unexpected Q4 loss amid lower-than-projected oil production, while the company forecasts Q1 output will be crimped by planned facility shutdowns. The shares fell 7.5%.