BUZZ-Oil companies rise after Trump rejects Iran response to US peace proposal
Marathon Petroleum Corporation MPC | 0.00 | |
Chevron Corporation CVX | 0.00 | |
Baker Hughes BKR | 0.00 | |
SLB Limited SLB | 0.00 | |
Ovintiv Inc OVV | 0.00 |
** Shares of U.S. energy companies rise premarket, tracking a rise in crude prices O/R
** Brent crude futures LCOc1 up 3% at $104.3/barrel; U.S. West Texas Intermediate crude futures CLc1 advance 3.2% at $98.40/barrel
** Oil prices rise after President Donald Trump said Iran's response to a U.S. peace proposal was "unacceptable", raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight
** Energy majors Chevron CVX.N rise 1% and Exxon Mobil XOM.N climbs ~1%
** Oil and gas producers APA Corp APA.O, SM Energy SM.N, Devon Energy DVN.N and Occidental Petroleum OXY.N rise between 1.5% and 2.6% each
** Oilfield services companies Liberty Energy LBRT.N and Halliburton HAL.N advance 1% and 1.8%, respectively
** Refiners Phillips 66 PSX.N and Marathon Petroleum MPC.N climb 1% and 1.4%, respectively