01:16 PM EST, 12/01/2025 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index up 0.7% and the Energy Select Sector SPDR Fund (XLE) rising 1.1%.

The Philadelphia Oil Service Sector Index was climbing 1.3%, and the Dow Jones US Utilities Index was falling 1.8%.

Front-month West Texas Intermediate crude oil was rising 1.1% to $59.21 a barrel, and the global benchmark Brent crude contract was advancing 1.1% to $63.07 a barrel. Henry Hub natural gas futures were 1.2% lower at $4.79 per 1 million BTU.

In corporate news, Targa Resources ( TRGP ) will buy midstream oil and gas company Stakeholder Midstream in an all-cash deal worth $1.25 billion that is expected to expand Targa's gathering and processing footprint in the Permian Basin. Targa shares rose 2%.