01:26 PM EDT, 08/11/2026 (MT Newswires) -- Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.1%.

The Philadelphia Oil Service Sector Index increased 0.6%, and the Dow Jones US Utilities Index advanced 0.7%.

Front-month West Texas Intermediate crude oil rose 1.1% to $83.06 a barrel, and the global benchmark Brent crude contract gained 1% to $88.57 a barrel. Henry Hub natural gas futures fell 1.4% to $2.76 per 1 million BTU.

In corporate news, Phillips 66 (PSX), Kinder Morgan ( KMI ) , and HF Sinclair ( DINO ) said Tuesday they have reached a final investment decision to move forward with a joint venture to build the $5 billion Western Gateway Pipeline system. Phillips 66 shares rose 3.5%, Kinder Morgan ( KMI ) added 0.7%, and HF Sinclair ( DINO ) climbed 2.3%.