01:42 PM EDT, 03/14/2025 (MT Newswires) -- Energy stocks gained Friday afternoon with the NYSE Energy Sector Index adding 2.5% and the Energy Select Sector SPDR Fund (XLE) rising 2.6%.

The Philadelphia Oil Service Sector index climbed 3.2%, and the Dow Jones US Utilities index advanced 1.2%.

West Texas Intermediate crude oil rose 1.1% to $67.25 a barrel, while global benchmark Brent gained 1% to $70.59 a barrel. Henry Hub natural gas futures added 0.2% to $4.12 per 1 million BTU.

In corporate news, executives from the biggest oil companies are set to meet with President Donald Trump next week, Bloomberg reported. Shares of Exxon Mobil ( XOM ) gained 2.6%, Chevron ( CVX ) advanced 1.9% and Shell (SHEL) rose 1.3%.

Eni's (E) Plenitude is under investigation by the Italian Competition Authority over "a suspected unfair commercial practice," the regulator said. Eni shares rose 1.2%.

BP (BP) stopped a gas leak at its Greater Tortue Ahmeyim project off West Africa on Wednesday. BP shares added 3%.