01:22 PM EDT, 10/14/2025 (MT Newswires) -- Energy stocks advanced Tuesday afternoon, with the NYSE Energy Sector Index fractionally higher and the Energy Select Sector SPDR Fund (XLE) up 0.3%.

The Philadelphia Oil Service Sector Index was marginally lower, and the Dow Jones US Utilities Index added 1.1%.

Front-month West Texas Intermediate crude oil declined 1.2% to $58.77 a barrel, and the global benchmark Brent crude contract dropped 1.4% to $62.46 a barrel. Henry Hub natural gas futures fell 2.7% to $3.04 per 1 million BTU.

In corporate news, BHP's (BHP) Chief Executive Mike Henry said that the company is weighing resurrecting defunct mines in the US, owing to a changing government policy, the Financial Times reported. In an interview with the FT, Henry said that initiatives under President Trump have led the company to increase its exploration activities in the US, with BHP now reviewing options for its four defunct mines in Arizona's Globe-Miami region. BHP shares gained 2%.