03:41 PM EST, 02/28/2025 (MT Newswires) -- Energy stocks rose late Friday afternoon with the NYSE Energy Sector Index up 0.7% and the Energy Select Sector SPDR Fund (XLE) gaining 1.3%.

The Philadelphia Oil Service Sector index fell 0.3%, and the Dow Jones US Utilities index added 1%.

West Texas Intermediate crude oil declined 0.6% to $69.91 a barrel, while global benchmark Brent fell 1.2% to $73.18 a barrel. Henry Hub natural gas futures dropped 2.5% to $3.84 per 1 million BTU.

In corporate news, Occidental Petroleum (OXY) sold over $900 million in assets in the US Rocky Mountains to private equity firm NGP Energy Capital, Bloomberg reported. Occidental shares gained 0.1%.

Eletrobras (EBR) shares rose 1.8% after the company reached a deal in a mediation process with Brazil's government.

AES (AES) shares jumped 13% after the company reported Q4 adjusted earnings and 2025 guidance that topped estimates by analysts.

NextDecade (NEXT) shares rose 12%. The company plans to expand capacity at the Rio Grande liquefied natural gas facility site in Texas beyond trains 1 through 5.

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