
Sector Update: Energy Stocks Rise Friday Afternoon

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Energy stocks experienced a rise on Friday, with the NYSE Energy Sector Index up 1% and the State Street Energy Select Sector SPDR ETF gaining 0.9%. Key indices like the Philadelphia Oil Service Sector Index and Dow Jones US Utilities Index also saw increases. Crude oil prices rose slightly, while ConocoPhillips announced a $2.11 billion investment to restart production in Norway. Solaris Energy Infrastructure shares surged 16% after securing a major rental agreement, while Exxon Mobil shares fell 0.7% following an accident at its Texas facility.

