tradingkey.logo

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))

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI