03:55 PM EDT, 10/23/2025 (MT Newswires) -- Energy stocks advanced late Thursday afternoon with the NYSE Energy Sector Index rising 2% and the Energy Select Sector SPDR Fund (XLE) adding 1.6%.

The Philadelphia Oil Service Sector Index jumped 4.9%, while the Dow Jones US Utilities Index eased 0.4%.

In sector news, the Trump Administration late Wednesday imposed new sanctions on Russia's two largest oil producers, Rosneft and Lukoil, blocking any dealings with the two companies. The EU also imposed new sanctions, barring imports of Russian liquefied natural gas. India made fresh promises to end the purchase of Russian oil.

Separately, US natural gas stocks rose by 87 billion cubic feet in the week ended Friday, above the 83 billion increase expected in a survey compiled by Bloomberg.

West Texas Intermediate crude oil jumped 5.5% to $61.71 a barrel, and global benchmark Brent rose 5.3% to $65.90 a barrel. Henry Hub natural gas futures fell 3.6% to $3.33 per 1 million BTU.

In corporate news, TechnipFMC ( FTI ) shares jumped 8.9% after the company reported Q3 adjusted earnings and revenue that beat analyst estimates.

Valero Energy (VLO) shares rose 7% after the company reported Q3 adjusted earnings and revenue that exceeded Wall Street expectations.

Patterson-UTI Energy ( PTEN ) shares surged 11% after the company reported a narrower Q3 net loss.

Energy Vault ( NRGV ) shares rose 1.7%. The company acquired and plans to develop SOSA Energy Center, a 150 MW/300 MWh battery energy storage system in Madison County, Texas. The project was originally developed by Shell (SHEL) unit Savion. Shell shares gained 1.6%.