03:23 PM EDT, 04/01/2024 (MT Newswires) -- Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 0.8% and the Energy Select Sector SPDR Fund (XLE) adding 0.9%.

The Philadelphia Oil Service Sector Index was gaining 1%, while the Dow Jones US Utilities Index was decreasing 0.5%.

Front-month West Texas Intermediate crude oil was rising 0.8% to $83.84 a barrel while the global benchmark Brent crude contract was advancing 0.6% to $87.51 a barrel. Henry Hub natural gas futures jumped 4.3% to $1.84 per 1 million BTU.

In corporate news, Vital Energy ( VTLE ) said Monday it has priced its $200 million offering of 7.875% notes due 2032 at 100.75% of par in a private placement, with closing expected Wednesday. Its shares were fractionally lower.