03:42 PM EST, 03/07/2025 (MT Newswires) -- Energy stocks rose late Friday afternoon, with the NYSE Energy Sector Index adding 1.7% and the Energy Select Sector SPDR Fund (XLE) climbing 1.8%.

The Philadelphia Oil Service Sector index jumped 3.6%, and the Dow Jones US Utilities index advanced 1.7%.

West Texas Intermediate crude oil rose 1% to $67.05 a barrel while global benchmark Brent gained 1.3% to $70.35 a barrel. Henry Hub natural gas futures added 2.2% to $4.40 per 1 million BTU.

In corporate news, California Water Service ( CWT ) shares rose 2.9%, a day after the company reported a capital expenditure of $471 million through its service areas in 2024, up $87 million from the previous year.

Hedge fund Elliott Management has taken a 670 million euro ($727.2 million) short position in French energy major TotalEnergies (TTE), The Financial Times reported. TotalEnergies shares were rising 1.1%.

Algonquin Power & Utilities ( AQNB ) shares fell 1.1% after its Q4 adjusted earnings and revenue came in below analysts' estimates.

CenterPoint Energy ( CNP ) shares rose 2.2% after the company said Friday it completed more than half of its planned near-term "critical resiliency" actions and grid improvements since last fall.