03:52 PM EST, 11/21/2025 (MT Newswires) -- Energy stocks increased late Friday afternoon, with the NYSE Energy Sector Index up 0.4% and the Energy Select Sector SPDR Fund (XLE) rising 0.7%.

The Philadelphia Oil Service Sector Index climbed 2.2%, and the Dow Jones US Utilities Index rose 0.4%.

West Texas Intermediate crude oil dropped 1.9% to $57.88 a barrel, and global benchmark Brent crude contract fell 1.6% to $62.40 a barrel. Henry Hub natural gas futures rose 2.3% to $4.58 per 1 million BTU.

In corporate news, Helmerich & Payne (HP) shares gained 3.3% after Goldman Sachs upgraded the stock to neutral from sell and raised its price target to $28 per share from $20.

New Fortress Energy ( NFE ) said in a regulatory filing Friday that there is "substantial doubt" about its ability to continue as a going concern, citing current liquidity and projected cash flows that are unlikely to cover obligations as they come due. Its shares fell 17%.

Enviri ( NVRI ) shares jumped 28% after it said Friday that it agreed to sell its hazardous-waste unit Clean Earth to French water and waste management company Veolia Environnement in a deal worth about $3.04 billion. The American environmental company plans to spin off its Harsco environmental and rail businesses into a standalone publicly traded entity.

Constellation Energy ( CEG ) said Friday that it has promoted Chief Financial Officer Dan Eggers to senior executive vice president, finance and data economy. The company tapped Shane Smith to succeed Eggers as CFO. Constellation shares were down 1.6%.