BUZZ-US energy companies rise as Brent touches $100/bbl after Houthi attack on Saudi tankers
Marathon Petroleum Corporation MPC | 0.00 | |
Occidental Petroleum Corporation OXY | 0.00 | |
Halliburton Company HAL | 0.00 | |
APA Corporation APA | 0.00 | |
Phillips 66 PSX | 0.00 |
Updates
** U.S.-listed shares of energy companies gain premarket, tracking a rise in oil prices O/R
** Brent crude futures LCOc1 up 6%, hitting $100/barrel for the first time since May 26; U.S. West Texas Intermediate CLc1 rises 5.3% to $91.5/barrel
** Prices hit their highest in more than a month after the Houthi militia of Yemen said they struck two Saudi oil tankers, widening disruption to global oil shipping through both the Red Sea and the Strait of Hormuz
** Energy majors Exxon XOM.N and Chevron CVX.N gain 1.8% each
** Oil and gas producers: Occidental Petroleum OXY.N and ConocoPhillips COP.N rise 2.3% each, APA Corp APA.O climbs 3%
** Oilfield services companies advance: Baker Hughes BKR.O 1.5%, SLB SLB.N 1.5%, Halliburton HAL.N 1.7%
** Refiners ahead: Marathon Petroleum MPC.N ~2% and Phillips 66 PSX.N 2.4%