03:29 PM EST, 11/05/2025 (MT Newswires) -- Energy stocks rose late Wednesday afternoon with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each adding 0.7%.

The Philadelphia Oil Service Sector Index climbed 1.2%, and the Dow Jones US Utilities Index rose 0.4%.

West Texas Intermediate crude oil fell 1.5% to $59.64 a barrel, and global benchmark Brent dropped 1.4% to $63.54 a barrel. Henry Hub natural gas futures declined 2.8% to $4.22 per 1 million BTU.

In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, rose by 5.7 million barrels in the week ended Friday following a decrease of 6.3 million in the previous week. Excluding inventories in the SPR, commercial crude oil stocks increased by 5.2 million after a decline of 6.9 million in the prior week, compared with a drop of 286,000 expected in a survey compiled by Bloomberg.

In corporate news, Chevron ( CVX ) confirmed that it is close to a final investment decision to expand the Leviathan gas field off Israel's Mediterranean coast, Reuters reported. Chevron ( CVX ) and its field partners NewMed and Ratio signed a deal worth up to $35 billion in August to supply gas to Egypt primarily through new pipelines, the report said. Chevron ( CVX ) shares were down 0.2%.