Sector Update: Energy Stocks Advance Friday Afternoon

01:42 PM EST, 11/13/2026 (MT Newswires) -- Energy stocks were edging higher Friday afternoon, with the NYSE Energy Sector Index rising 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.5%. The Philadelphia Oil Service Sector Index was up 0.5%, and the Dow Jones US Utilities Index was increasing 0.4%. Front-month West Texas Intermediate crude oil shed 0.1% to $88.63 a barrel, and the global benchmark Brent crude contract decreased less than 0.1% to $95.77 a barrel. Henry Hub natural gas futures fell 2.5% to $3.26 per 1 million BTU. In sector news, President Donald Trump has decided to extend by 90 days a waiver that allows oil and other commodities to be shipped between US ports on foreign-flagged vessels, Bloomberg reported, citing a White House official. The Jones Act waiver extension will take effect at 12 am ET on Monday, just before the previous waiver expires, the report said. Separately, US natural gas stocks rose by 61 billion cubic feet in the week ended Nov. 6, below the 62 billion cubic foot increase expected in a survey compiled by Bloomberg and following an increase of 77 billion cubic feet in the previous week. In corporate news, Ecopetrol (EC) is negotiating a contract to buy natural gas from Venezuela at a price that will be "very competitive" and below current market levels, CEO Joaquin Gutierrez said on the company's Q3 earnings call Friday. Its shares were down 1.2%. Exxon Mobil (XOM) shares were up 0.1% after the company said it has made a final investment decision for the Longtail development offshore Guyana after receiving government and regulatory approvals, with the project expected to come online in 2030 following a planned investment of $12.5 billion. T1 Energy (TE) said the SEC's Fort Worth Regional Office informed it in September that it is investigating the company's public disclosures related to its eligibility for 45X tax credits and some other accounting matters. Its shares fell past 10%. Enbridge's (ENB) Woodfibre LNG project is set to receive 200 million Canadian dollars ($140 million) in investment from the Canadian government, Reuters reported. Enbridge shares added 0.4%.