03:25 PM EST, 03/07/2025 (MT Newswires) -- Energy stocks gained late Friday afternoon with the NYSE Energy Sector Index rising 1.8% and the Energy Select Sector SPDR Fund (XLE) climbing 2%.

The Philadelphia Oil Service Sector index jumped 3.7%, and the Dow Jones US Utilities index added 1.9%.

West Texas Intermediate crude oil rose 1% to $67.04 a barrel while global benchmark Brent advanced 1.3% to $70.36 a barrel. Henry Hub natural gas futures added 2% to $4.39 per 1 million BTU.

In corporate news, California Water Service ( CWT ) shares rose 2.7%, a day after the company reported a capital expenditure of $471 million through its service areas in 2024, up $87 million from the previous year.