BUZZ-US energy stocks slip as crude falls on hopes of US-Iran truce
Marathon Petroleum Corporation MPC | 0.00 | |
Occidental Petroleum Corporation OXY | 0.00 | |
Phillips 66 PSX | 0.00 | |
Chevron Corporation CVX | 0.00 | |
Diamondback Energy, Inc. FANG | 0.00 |
** Shares of U.S. energy companies fall premarket, tracking a decline in crude prices O/R
** Brent crude futures LCOc1 down 4.3% at $96.90/barrel; U.S. West Texas Intermediate crude futures CLc1 fall 4.7% to $90.57/barrel
** Prices fall on renewed hopes for a U.S.-Iran peace deal that could allow for the gradual reopening of the Strait of Hormuz
** Energy majors Chevron CVX.N and Exxon Mobil XOM.N fall about 1.6% each
** Oil and gas producers Occidental Petroleum OXY.N, Devon Energy DVN.N, Diamondback Energy FANG.O, and ConocoPhillips COP.N decline between 1.9% and 2.6%
** Oilfield services companies Baker Hughes and SLB dip 1.4% and 1.6%, respectively
** Refiners Phillips 66 PSX.N and Marathon Petroleum MPC.N down 1.3% and 0.8%, respectively