Nyse Order Imbalance 85873.0 Shares On Sell Side

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 1.5% and the Energy Select Sector SPDR Fund (XLE) climbing 1.6%.

The Philadelphia Oil Service Sector index spiked 1.8%, while the Dow Jones US Utilities index was falling 1.4%.

Oil prices rose following a decision by the Organization of the Petroleum Exporting Countries and its allies to delay a planned hike in production by a month, D.A. Davidson said in a note to clients.

Front-month West Texas Intermediate crude oil rose 3% to $71.58 a barrel while the global benchmark Brent crude contract was advancing 2.9% to $75.19 a barrel. Henry Hub natural gas futures climbed 4.8% to $2.79 per 1 million BTU.

In corporate news, Entergy's updated strategic business plan has bolstered growth outlook, but associated execution risks and elevated valuation are reasons to adopt a more cautious view, BofA Securities said in a note Monday. The firm downgraded Entergy to neutral from buy, but raised its price objective to $154 from $138. Entergy shares were falling 2.3%.

Advent Technologies shares soared 71%. The company said Monday that the EU Innovation Fund approved a grant of 34.5 million euros ($37.4 million) requested by its Greek subsidiary Advanced Energy Technologies for the Rhyno Project.

Talen Energy shares shed 1.7% after a Federal Energy Regulatory Commission decision rejecting an amended interconnection agreement to increase the capacity of an Amazon.com (AMZN) data center connected to Talen's Susquehanna nuclear plant in Pennsylvania.

Constellation Energy shares tumbled past 12%. Mizuho cut its price target for the company to $235 from $264, while maintaining its neutral rating. Constellation reported Q3 adjusted net income Monday of $2.74 per diluted share, up from $2.13 a year earlier. Analysts polled by Capital IQ expected $2.68.