03:52 PM EDT, 10/11/2024 (MT Newswires) -- Energy stocks rose late Friday afternoon, with the NYSE Energy Sector Index up 0.6% and the Energy Select Sector SPDR Fund (XLE) adding 0.9%.

The Philadelphia Oil Service Sector index gained 1.1%, and the Dow Jones US Utilities index was rising 0.7%.

West Texas Intermediate crude oil shed 0.6% to $75.40 a barrel, while global benchmark Brent fell 0.7% to $78.86 a barrel. Henry Hub natural gas futures declined 1.6% to $2.63 per 1 million BTU.

In corporate news, Shell (SHEL) employees have criticized the company's leadership over proposed job cuts, Bloomberg reported. Its shares were down 0.3%.

Eni (E) is gaining the confidence of US investment funds with its strategy of spinning off growth businesses to attract financial resources, Reuters reported, citing the company's Chief Executive Claudio Descalzi. Eni shares added 0.3%.

US Energy ( USEG ) shares jumped past 9% after the company regained compliance with Nasdaq's minimum bid price rules.

Duke Energy's ( DUK ) Florida unit said Friday it's assessing the damage caused by Hurricane Milton and has started power restoration in affected areas. Duke shares were rising 0.9%.