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Sector Update: Energy Stocks Rise Monday Afternoon
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Sector Update: Energy Stocks Rise Monday Afternoon
Nov 10, 2025 11:17 AM

01:57 PM EST, 11/10/2025 (MT Newswires) -- Energy stocks increased Monday afternoon with the NYSE Energy Sector Index gaining 0.8% and the Energy Select Sector SPDR Fund (XLE) climbing 0.6%.

The Philadelphia Oil Service Sector Index advanced 1.9%, while the Dow Jones US Utilities Index shed 0.7%.

West Texas Intermediate crude oil rose 0.4% to $60.01 a barrel, and global benchmark Brent advanced 0.5% to $63.96a barrel. Henry Hub natural gas futures fell 0.2% to $4.32 per 1 million BTU.

In corporate news, Enlight Renewable Energy ( ENLT ) shares climbed 3.9% after it said Monday its US unit Clenera has signed a debt financing agreement with a six-bank group for the Snowflake A project, located near Holbrook, Arizona, totaling $1.44 billion.

Venture Global ( VG ) shares advanced past 4% after the company reported a Q3 revenue rose more than analysts forecast. The company also agreed to supply 1 million tons of liquefied natural gas annually to Spain's Naturgy for 20 years, starting in 2030.

Sable Offshore ( SOC ) said Monday it has signed subscription agreements to issue nearly 45.5 million shares in a private placement at $5.50 per share, for expected gross proceeds of about $250 million. Sable shares jumped 18%.

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