03:50 PM EDT, 09/19/2024 (MT Newswires) -- Energy stocks rose late Thursday afternoon, with the NYSE Energy Sector Index advancing 1.5% and the Energy Select Sector SPDR Fund (XLE) gaining 1.3%.

The Philadelphia Oil Service Sector index climbed 2.3%, while the Dow Jones US Utilities index shed 0.6%.

Front-month West Texas Intermediate crude oil rose 1.5% to $71.96 a barrel, while global benchmark Brent advanced 1.5% to $74.76 a barrel.

US natural gas stocks in the week ended Friday rose 58 billion cubic feet, above the 54 billion increase expected in a survey compiled by Bloomberg and following a gain of 40 billion in the previous week.

Henry Hub natural gas futures advanced 2.8% to $2.35 per 1 million BTU.

In corporate news, Vistra ( VST ) shares rose 1.4%. The company said late Wednesday it agreed to buy the combined 15% equity interest in its Vistra Vision unit held by affiliates of Nuveen Asset Management and Avenue Capital Management II for $3.25 billion in cash.

American Water Works ( AWK ) remains focused on maintaining a constructive relationship with the Pennsylvania Public Utility Commission despite a lackluster outcome on the general rate case, RBC Capital Markets said in a note on Thursday. American Water shares were easing 0.1%.

Mammoth Energy Services ( TUSK ) shares added 3% after its unit Cobra Acquisitions said Thursday that its $188.4 million settlement with the Puerto Rico Electric Power Authority was approved by a court on Wednesday.

Sunrun ( RUN ) shares tumbled past 6%. The company said late Wednesday that it was ending its sales partnership with Costco (COST) due to an inability to agree on terms, Bloomberg reported.