Energy stocks rose late Tuesday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each adding 0.5%.

The Philadelphia Oil Service Sector Index rose 0.5%, and the Dow Jones US Utilities Index gained 1.6%.

West Texas Intermediate crude oil rose 3.2% to $58.98 a barrel, and global benchmark Brent advanced 3% to $62.04 a barrel. Henry Hub natural gas futures fell 2.2% to $3.47 per 1 million BTU.

In corporate news, KKR-backed (KKR) Crescent Energy (CRGY), which explores for oil and natural gas, is weighing sales of some drilling assets to focus on core acreage in the Eagle Ford and Uinta basins, Bloomberg reported. Crescent shares fell 2.1%.

Hess Midstream (HESM) shares rose 1.2% after it said Tuesday it agreed to repurchase $190 million of class B units from affiliates of Hess (HES) and BlackRock's (BLK) Global Infrastructure Partners, its two primary sponsors.

Constellation Energy (CEG) shares surged past 12%. The company reported Q1 adjusted operating earnings of $2.14 per share, up from $1.82 a year earlier but below the FactSet consensus of $2.18. Operating revenue was $6.79 billion, exceeding the FactSet consensus of $5.56 billion.

Peabody Energy (BTU) confirmed that it's exploring a potential partial sale of its Centurion coal mine in Australia. Separately, Peabody reported Q1 earnings of $0.27 per share, down from $0.29 a year earlier. A single analyst expected $0.10 in a FactSet poll. Peabody shares jumped more than 10%.