03:58 PM EDT, 08/11/2026 (MT Newswires) -- Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.

The Philadelphia Oil Service Sector Index increased 0.8%, and the Dow Jones US Utilities Index advanced 1.1%.

Front-month West Texas Intermediate crude oil rose 1.5% to $83.33 a barrel, and the global benchmark Brent crude contract gained 1.5% to $89.04 a barrel. Henry Hub natural gas futures decreased 0.9% to $2.77 per 1 million BTU.

In corporate news, Duke Energy ( DUK ) shares rose 1.6% after it said Tuesday it priced a public offering of 35 million equity units, with each unit to be issued in a stated amount of $50, for about $1.72 billion in expected net proceeds.

Phillips 66 (PSX), Kinder Morgan ( KMI ) , and HF Sinclair ( DINO ) said they have reached a final investment decision to move forward with a joint venture to build the $5 billion Western Gateway Pipeline system. Phillips 66 shares gained 4%, Kinder Morgan ( KMI ) added 0.4%, and HF Sinclair ( DINO ) rose 1.5%.

Baker Hughes ( BKR ) said it has signed a multiyear contract with Kuwait Oil Co. to support technology innovation in the country's upstream energy sector. Baker Hughes ( BKR ) shares added 1%.

Flowco ( FLOC ) shares added 3.1% after it posted higher Q2 earnings and revenue.