04:11 PM EDT, 10/14/2025 (MT Newswires) -- Energy stocks advanced late Tuesday afternoon, with the NYSE Energy Sector Index fractionally higher and the Energy Select Sector SPDR Fund (XLE) adding 0.4%.

The Philadelphia Oil Service Sector Index eased 0.1%, and the Dow Jones US Utilities Index added 1%.

Front-month West Texas Intermediate crude oil declined 1.3% to $58.72 a barrel, and the global benchmark Brent crude contract dropped 1.4% to $62.41 a barrel. Henry Hub natural gas futures fell 2.4% to $3.04 per 1 million BTU.

In corporate news, Stem (STEM) shares jumped past 16% after it said Tuesday it expanded its Berlin operations with a new office to support rising demand for solar, storage, and hybrid energy projects in Europe, the Middle East, and Africa.

BHP's (BHP) Chief Executive Mike Henry said that the company is weighing resurrecting defunct mines in the US, owing to a changing government policy, the Financial Times reported. In an interview with the FT, Henry said that initiatives under President Trump have led the company to increase its exploration activities in the US, with BHP now reviewing options for its four defunct mines in Arizona's Globe-Miami region. BHP shares gained 1.3%.

BP (BP) said in a regulatory filing that it now expects upstream output to be higher in Q3 compared with the prior quarter. BP shares shed 1.5%.

Ameren ( AEE ) shares added 0.6% after it said Tuesday its Chief Financial Officer Michael Moehn will assume the newly created role of group president of Ameren Utilities, overseeing Ameren Missouri, Ameren Illinois, and Ameren Transmission Co. of Illinois.