BUZZ-Oil companies slip as crude prices slide on Iran war outlook
Occidental Petroleum OXY | 0.00 | |
Marathon Petroleum Corporation MPC | 0.00 | |
Halliburton HAL | 0.00 | |
Apa APA | 0.00 | |
Osisko Gold OR | 0.00 |
** Shares of U.S. energy companies fall premarket, tracking a decline in oil prices O/R
** Brent crude futures LCOc1 down 2.7% at $108.31/barrel; U.S. West Texas Intermediate CLc1 2.6% lower at $101.46/barrel
** Oil prices fell after U.S. President Donald Trump again asserted that the Iran war will end "very quickly", though investors remained wary about the outcome of talks as disruption to Middle Eastern supply continued
** Energy majors Chevron CVX.N and Exxon Mobil XOM.N both decline ~1%
** Oil and gas producers Occidental Petroleum OXY.N, APA Corp APA.O, Diamondback Energy FANG.O and Devon Energy DVN.N slide between 1.1% and 1.4% each
** Oilfield services companies PBF Energy PBF.N and Halliburton HAL.N fall ~1% and 0.8%, respectively
** Refiners Phillips 66 PSX.N and Marathon Petroleum MPC.N down 1.2% and 1.5%, respectively