03:31 PM EDT, 03/14/2025 (MT Newswires) -- Energy stocks climbed late Friday afternoon with the NYSE Energy Sector Index adding 2.5% and the Energy Select Sector SPDR Fund (XLE) rising 2.9%.

The Philadelphia Oil Service Sector index gained 3.3%, and the Dow Jones US Utilities index advanced 1.4%.

West Texas Intermediate crude oil rose 1% to $67.20 a barrel, while global benchmark Brent gained 1% to $70.56 a barrel. Henry Hub natural gas futures shed 0.2% to $4.11 per 1 million BTU.

In corporate news, Chevron ( CVX ) is progressing on its plans to develop data centers in multiple sites in the US, Reuters reported, citing Daniel Droog, the company's vice president of power solutions. Chevron ( CVX ) shares rose 2%.

Petrobras (PBR) is in talks with US liquefied natural gas suppliers to secure a long-term import deal and move away from buying solely on the spot market, Reuters reported, citing Mauricio Tolmasquim, Petrobras' director of energy transition and sustainability. Petrobras shares jumped 5.7%.

Executives from the biggest oil companies are set to meet with President Donald Trump next week, Bloomberg reported. Exxon Mobil ( XOM ) shares rose 3% and Shell (SHEL) added 1.4%.

Eni's (E) Plenitude is under investigation by the Italian Competition Authority over "a suspected unfair commercial practice," the regulator said. Eni shares were rising 1.3%.