01:36 PM EST, 11/06/2025 (MT Newswires) -- Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index up 0.4% and the Energy Select Sector SPDR Fund (XLE) adding 1.2%.

The Philadelphia Oil Service Sector Index was fractionally higher, and the Dow Jones US Utilities Index retreated 0.2%.

Front-month West Texas Intermediate crude oil was declining 0.7% to $59.16 a barrel, and the global benchmark Brent crude contract was shedding 0.7% to $63.11 a barrel. Henry Hub natural gas futures rose 1.7% to $4.30 per 1 million BTU.

In corporate news, Cenovus Energy's ( CVE ) offer to buy MEG Energy has received approval from shareholders of MEG Energy, BNN Bloomberg reported. MEG Energy Chairman James McFarland said 86% of the shareholders voted in favor of the deal, well above the two-thirds majority needed for the deal to proceed, the report said. Cenovus shares rose 1.4%.