03:23 PM EDT, 05/27/2025 (MT Newswires) -- Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 1% and the Energy Select Sector SPDR Fund (XLE) adding 0.8%.

The Philadelphia Oil Service Sector index climbed 1.8%, and the Dow Jones US Utilities index advanced 1%.

Front-month West Texas Intermediate crude oil declined 1% to $60.94 a barrel, and the global benchmark Brent crude contract dropped 0.8% to $63.61 a barrel. Henry Hub natural gas futures rose 1.1% to $3.77 per 1 million BTU.

In sector news, a US trade group representing solar manufacturers is asking the US International Trade Commission to address a tariff loophole on panel imports from four Southeast Asian countries, Bloomberg reported. The American Alliance for Solar Manufacturing said in a petition that a significant amount of stored equipment from Cambodia, Malaysia, Thailand and Vietnam could flood the market unless the panel expedites publishing a decision to implement duties ranging from 34% to 3,521%.

In corporate news, Centuri ( CTRI ) shares jumped past 6% after it said Tuesday it received $350 million in new customer awards in the US.