03:49 PM EST, 11/11/2024 (MT Newswires) -- Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index up 0.4% and the Energy Select Sector SPDR Fund (XLE) rising 0.5%.

The Philadelphia Oil Service Sector index climbed 2%, and the Dow Jones US Utilities index was up 0.4%.

Front-month West Texas Intermediate crude oil fell 3.1% to $68.18 a barrel while the global benchmark Brent crude contract dropped 2.6% to $71.96 a barrel. Henry Hub natural gas futures jumped 10.2% to $2.94 per 1 million BTU.

In corporate news, Hawaiian Electric Industries ( HE ) shares were falling 6%. The company reported Q3 non-GAAP net income late Friday of $0.46 per diluted share, down from $0.56 a year earlier. Two analysts polled by Capital IQ expected $0.53.

TXNM Energy ( TXNM ) shares added 1.4%. The company's subsidiary Public Service Company of New Mexico said Monday it has agreed to join the California Independent System Operator Extended Day-Ahead Market.

NuScale Power ( SMR ) shares fell 2% in recent trading after the company announced a $200 million equity offering program Friday.

Chevron ( CVX ) has started redeploying personnel and restoring production at its Gulf of Mexico platforms that were shut down due to Hurricane Rafael, a company spokesperson told MT Newswires in an email Monday, confirming a media report. Chevron ( CVX ) shares were easing 0.3%.