Energy stocks were trading higher this afternoon, with the NYSE Energy Sector index climbing 0.9% while the SPDR Energy Select Sector ETF was also up 0.9%.

First month West Texas Intermediate crude fell $ 0.17 to $ 65.90 per barrel on the New York Mercantile Exchange, while the global benchmark Brent crude contract fell $ 0.06 to $ 68.59 the barrel. Henry Hub natural gas futures contracts were $ 0.04 to $ 2.95 higher per million BTUs.

Among energy-related ETFs, the United States Oil Fund was up 0.4% while the United States Natural Gas Fund added 0.3%. The Philadelphia Oil-Service Sector Index posted a gain of 2.1% and the Dow Jones US Utilities Index was up 0.4%.

In company news, REX American Resources (REX) rose more than 15% after posting first quarter profit of $ 1.30 per share, reversing its net loss of $ 1.21 per share in the first quarter. during the quarter of the previous year, while revenue increased 97% year-over-year to $ 164. million.

PBF Energy (PBF) climbed 4.7% after Piper Sandler raised its price target for the refinery and petrochemical company to $ 1.16 per share and reiterated its neutral rating.

Equinor (EQNR) rose nearly 1% after the Norwegian energy major said it was partnering with Germany-based RWE Renewables and Norway-based Hydro REIN on a park project Large-scale offshore wind farm in the Norwegian North Sea.