Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.

The Philadelphia Oil Service Sector Index was decreasing 0.3%, and the Dow Jones US Utilities Index rose 0.7%.

Front-month West Texas Intermediate crude oil was down 0.8% at $107.77 a barrel, and the global benchmark Brent crude contract was shedding 0.6% to $111.39 a barrel. Henry Hub natural gas futures rose 3.6% to $3.13 per 1 million BTU.

In corporate news, X-Energy (XE) can deploy about 20 gigawatts of nuclear power by 2040 underpinned by a solid technology value proposition, a capital-light business model, and commercial partnerships, Morgan Stanley said in a note. Morgan Stanley started coverage of the stock at overweight with a price target of $41. X-Energy shares rose 2.9%.