01:25 PM EDT, 05/09/2025 (MT Newswires) -- Energy stocks advanced Friday afternoon with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) both rising 0.9%.

The Philadelphia Oil Service Sector Index climbed 1.1%, and the Dow Jones US Utilities Index was down 0.6%.

West Texas Intermediate crude oil rose 1.7% to $60.95 a barrel, and benchmark Brent advanced 1.6% to $63.87 a barrel. Henry Hub natural gas futures jumped 5.3% to $3.78 per 1 million BTU.

In corporate news, Algonquin Power & Utilities ( AQNB ) shares jumped 8.9% after the company reported Q1 adjusted earnings that topped estimates by analysts.