BUZZ-Oil companies up as fading hopes of quick end to Iran war reignite supply worries
Marathon Petroleum Corporation MPC | 0.00 | |
Occidental Petroleum OXY | 0.00 | |
Apa APA | 0.00 | |
Phillips 66 PSX | 0.00 | |
Chevron CVX | 0.00 |
** Shares of U.S. energy companies rise premarket, tracking a rise in crude prices O/R
** Brent crude futures LCOc1 up 1.9% at $106.21/barrel, while U.S. West Texas Intermediate CLc1 rise 2.4% to $100.38/barrel
** Oil prices rise as hopes for a deal to end the U.S.-Israeli war on Iran fade, with stark differences between Tehran and Washington on a peace proposal bringing supply concerns again to the fore
** Energy majors Chevron CVX.N rise ~1% and Exxon Mobil XOM.N climbs 1.1%
** Oil and gas producers Diamondback Energy FANG.O, APA Corp APA.O, Occidental Petroleum OXY.N and Devon Energy DVN.N 1.3% and 2.4% each
** Oilfield services companies Baker Hughes BKR.O and SLB SLB.N up marginally
** Refiners Phillips 66 PSX.N and Marathon Petroleum MPC.N climbs 1% and 1.2%, respectively