03:28 PM EDT, 04/15/2025 (MT Newswires) -- Energy stocks were rising late Tuesday afternoon, with the NYSE Energy Sector Index up 0.1% and the Energy Select Sector SPDR Fund (XLE) adding 0.3%.

The Philadelphia Oil Service Sector index was fractionally higher, and the Dow Jones US Utilities index rose 0.5%.

The International Energy Agency reduced its projections for global oil demand growth in 2025, as rising trade tensions weigh on economic prospects. The agency now expects an oil demand increase of 730,000 barrels a day this year, down by 300,000 barrels from its previous estimate.

Front-month West Texas Intermediate crude oil declined 0.1% to $61.45 a barrel, and the global benchmark Brent crude contract shed 0.2% to $64.78 a barrel. Henry Hub natural gas futures were slightly lower at $3.32 per 1 million BTU.

In corporate news, DTE Energy ( DTE ) shares rose 0.3% after it said Tuesday it started construction on the first of several new solar facilities it's building in Michigan to back Ford's (F) renewable energy goals.

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