03:41 PM EDT, 06/03/2025 (MT Newswires) -- Energy stocks advanced late Tuesday afternoon with the NYSE Energy Sector Index rising 1.1% and the Energy Select Sector SPDR Fund (XLE) adding 1.3%.

The Philadelphia Oil Service Sector index jumped 4.4%, and the Dow Jones US Utilities index was up 0.1%.

West Texas Intermediate crude oil rose 1.5% to $63.48 a barrel, and global benchmark Brent climbed 1.7% to $65.71 a barrel. Henry Hub natural gas futures advanced 1% to $3.73 per 1 million BTU.

In corporate news, Algonquin Power & Utilities ( AQNB ) shares jumped nearly 15% after the company released its financial outlook for 2025-2027.

Energy Fuels ( UUUU ) shares popped 15% after saying it produced nearly 260,000 pounds of uranium oxide from its Pinyon Plain mine in Arizona during May.

Viper Energy ( VNOM ) agreed to acquire Sitio Royalties ( STR ) for $4.1 billion in stock, including $1.1 billion in net debt, to expand in the Permian Basin. Viper shares rose 3.4% and Sitio jumped 15%.

Meta (META) agreed to buy electricity from Constellation Energy ( CEG ) in a deal that would keep Constellation's nuclear power facility, Clinton Clean Energy Center, operational for two more decades. Constellation shares were down 0.3%.

VivoPower ( VVPR ) shares rallied past 20% after the company said the planned sale of a 51% stake in its Tembo unit for $200 million to Abu Dhabi-based Energi passed the second stage of due diligence.