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BUZZ-Energy firms rise on expected hit to China and India's Russian supplies

ReutersJan 13, 2025 2:02 PM

** U.S. energy firms rise premarket as oil prices edge higher

** Brent crude futures LCOc1 up 1.4% at $80.87 a barrel; U.S. West Texas Intermediate (WTI) crude CLc1 rises 1.8% to $77.98 a barrel

** Oil prices rise on wider U.S. sanctions on Russian oil and the expected effects on exports to top buyers India and China

** Oil majors Chevron CVX.N and Exxon Mobil XOM.N up 0.8% and 1%, respectively

** Producers APA APA.O, Diamondback Energy FANG.O and ConocoPhillips COP.N each up 1.3%

** Oilfield services firms SLB SLB.N and Baker Hughes BKR.O up 1% and 1.1%, respectively

(Reporting by Tanay Dhumal in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com;
Twitter: https://twitter.com/TanayDhumal))

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