03:56 PM EDT, 04/06/2026 (MT Newswires) -- Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.5%.

The Philadelphia Oil Service Sector Index increased 0.6%, and the Dow Jones US Utilities Index was shedding 0.4%.

Front-month West Texas Intermediate crude oil was rising 1.3% to $112.94 a barrel, and the global benchmark Brent crude contract was advancing 1% to $110.14 a barrel. Henry Hub natural gas futures rose 0.1% to $2.80 per 1 million BTU.

In corporate news, ExxonMobil ( XOM ) is emerging as a key beneficiary of the global helium shortage triggered by the shutdown of Qatar's Ras Laffan complex and the closure of the Strait of Hormuz to Western shipping, UBS Securities said in a report. Exxon shares gained 1.4%.

Sable Offshore's ( SOC ) plan to move oil through California pipelines, backed by the US Pipeline and Hazardous Materials Safety Administration, or PHMSA, is being opposed by California Attorney General Rob Bonta, according to a statement from the state official on Monday. Sable shares were down more than 7%.

Proxy adviser Institutional Shareholder Services has recommended a vote against a move by BP's (BP) board to revoke some previous company-specific climate reporting resolutions, ISS said in a report emailed to MT Newswires Monday. BP shares were up 0.7%.

Diamondback Energy ( FANG ) said Monday that it has launched cash tender offers to buy outstanding senior notes due 2051 and 2052. Its shares increased 0.2%.