Sector Update: Energy

Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index decreasing 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) falling 1%.The Philadelphia Oil Service Sector Index was up 0.2%, and the Dow Jones US Utilities Index climbed 1%.Front-month West Texas Intermediate crude oil rose 5% to $99.24 a barrel, and the global benchmark Brent crude contract was advancing 2.5% to $97.12 a barrel. Henry Hub natural gas futures fell 1.5% to $2.68 per 1 million BTU.In corporate news, Kosmos Energy (KOS) shares dropped 7.2% after Goldman Sachs downgraded the company's stock to sell from neutral, with a $2.25 price target.

-- Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index decreasing 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) falling 1%.

The Philadelphia Oil Service Sector Index was up 0.2%, and the Dow Jones US Utilities Index climbed 1%.

Front-month West Texas Intermediate crude oil rose 5% to $99.24 a barrel, and the global benchmark Brent crude contract was advancing 2.5% to $97.12 a barrel. Henry Hub natural gas futures fell 1.5% to $2.68 per 1 million BTU.

In corporate news, Kosmos Energy (KOS) shares dropped 7.2% after Goldman Sachs downgraded the company's stock to sell from neutral, with a $2.25 price target.