BUZZ-Energy companies gain as oil rises on Hormuz attack reports
Occidental Petroleum Corporation OXY | 0.00 | |
Halliburton Company HAL | 0.00 | |
APA Corporation APA | 0.00 | |
Phillips 66 PSX | 0.00 | |
Chevron Corporation CVX | 0.00 |
** S&P 500 energy index .SPNY gains 2% as oil prices advance O/R
** Oil prices rise after reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the critical energy transit route
** Brent crude futures LCOc1 gains 2.6% to $73.85/barrel; U.S. West Texas Intermediate futures CLc1 up 2.5% at $70.30/barrel
** Oil majors Exxon Mobil XOM.N and Chevron CVX.N up ~3% and 2%, respectively
** Occidental Petroleum OXY.N, APA Corp APA.O, ONEOK OKE.N and Kinder Morgan KMI.N gain between 2.6% and 3.1%, among the biggest percentage gainers on the energy index
** Oilfield services firms: SLB SLB.N inches up 1.1%, Baker Hughes BKR.O and Halliburton HAL.N advance 2% and 1.6%, respectively
** Refiner Phillips 66 PSX.N up ~1%