01:25 PM EDT, 06/13/2025 (MT Newswires) -- Energy stocks rose Friday afternoon with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) both gaining 1.3%.

The Philadelphia Oil Service Sector Index added 1.1%, while the Dow Jones US Utilities Index fell 0.4%.

Oil prices jumped after Israel targeted Iran's nuclear facilities in a series of airstrikes, with ING Bank saying that an escalation may drive prices above $80 a barrel.

West Texas Intermediate crude oil surged 6.7% to $72.58 a barrel, and global benchmark Brent soared 6.6% to $73.90 a barrel. Henry Hub natural gas futures gained 1.5% to $3.54 per 1 million BTU.

In corporate news, Chord Energy ( CHRD ) , Coterra Energy ( CTRA ) and Tesla (TSLA) were blacklisted by Swedish pension fund AP7. Chord shares rose 2.3%, and Coterra gained 1.1%.