01:47 PM EDT, 04/29/2024 (MT Newswires) -- Energy stocks rose Monday afternoon with the NYSE Energy Sector Index gaining 0.5% and the Energy Select Sector SPDR Fund (XLE) up 0.6%.

The Philadelphia Oil Service Sector index added 0.2% and the Dow Jones US Utilities index climbed 1.3%.

West Texas Intermediate crude oil fell 1.2% to $82.88 a barrel, while the global benchmark Brent crude contract dropped 2% to $88.40 a barrel. Henry Hub natural gas futures jumped 5.2% to $2.022 per 1 million BTU.

In corporate news, Altus Power ( AMPS ) Co-Chief Executive Officer Lars Norell stepped down Friday with co-founder Gregg Felton continuing as sole CEO, the company said Monday. The shares rose 1.8%.

Alliance Resource Partners ( ARLP ) shares jumped 7.3% after the company reported Q1 earnings and revenue that topped estimates by analysts.

WEC Energy ( WEC ) agreed to buy a 90% stake in the Texas-based Delilah I Solar Energy Center for $459 million. WEC Energy ( WEC ) shares rose 1.3%.