01:50 PM EST, 11/04/2024 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 1.4% and the Energy Select Sector SPDR Fund (XLE) climbing 1.5%.

The Philadelphia Oil Service Sector index spiked 2.1%, while the Dow Jones US Utilities index was falling 1%.

Front-month West Texas Intermediate crude oil was rising 2.8% to $71.45 a barrel while the global benchmark Brent crude contract was advancing 2.6% to $75.01 a barrel. Henry Hub natural gas futures were climbing 3.8% to $2.76 per 1 million BTU.

In corporate news, Talen Energy ( TLN ) shares tumbled 3.8% after a Federal Energy Regulatory Commission decision rejecting an amended interconnection agreement to increase the capacity of an Amazon.com (AMZN) data center connected to Talen's Susquehanna nuclear plant in Pennsylvania.

Kosmos Energy ( KOS ) reported early Monday lower Q3 results year over year and cut the top end of its full-year production outlook. Its shares were falling 1%.

Constellation Energy ( CEG ) shares were falling past 10% despite beating analysts' estimates for Q3 adjusted earnings and revenue.