02:08 PM EDT, 04/07/2026 (MT Newswires) -- Energy stocks gained Tuesday afternoon with the NYSE Energy Sector Index rising 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.4%.

The Philadelphia Oil Service Sector Index climbed 1%, and the Dow Jones US Utilities Index rose 0.3%.

West Texas Intermediate crude oil advanced 1.3% to $113.90 a barrel, and global benchmark Brent rose 0.3% to $110.04 a barrel. Henry Hub natural gas futures climbed 1.9% to $2.876per 1 million BTU.

In sector news, negotiations between the US and Iran have made progress over the past 24 hours, but striking a ceasefire deal before President Donald Trump's 8 p.m. ET deadline still looks like a long shot, Axios reported, citing a US official, an Israeli official and two other sources with knowledge of the talks.

In corporate news, Exxon Mobil ( XOM ) and the Chevron-backed (CVX) Caspian Pipeline Consortium are seeing stable oil shipments following an alleged military strike on maritime loading infrastructure, Reuters reported. Exxon shares fell 0.6%, and Chevron ( CVX ) gained 0.9%.

Pembina Pipeline ( PBA ) expects compound annual growth of 5% to 7% in fee-based adjusted EBITDA per share through 2030. The shares rose 0.2%.

Eni (E) said it discovered about 2 trillion cubic feet of gas initially in place and 130 Mbbl of associated condensates at the Denise W-1 exploration well in the Temsah Concession offshore Egypt. Eni shares eased 0.2%.