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BUZZ-Energy firms fall as traders digest Trump tariff reprieve

ReutersJan 21, 2025 3:53 PM

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S&P 500 energy index .SPNY falls 0.9% as oil prices edge lower

Brent crude futures LCOc1 down 1.4% at $79.07 a barrel; U.S. West Texas Intermediate (WTI) crude CLc1 falls 2.2% to $76.19 a barrel

Oil prices fell as investors assessed U.S. President Donald Trump's plans to apply new tariffs later than expected while boosting oil and gas production in the United States

Oil majors Exxon Mobil XOM.N and Chevron CVX.N down 0.7% and 1.8%, respectively

*APA APA.O, Occidental OXY.N and Devon Energy DVN.N down between 2.7% and 3.4%, among top pct. losers on the energy index

Top oilfield services company Baker Hughes BKR.O and Halliburton HAL.N down 0.8% and 0.5%, respectively

(Reporting by Arunima Kumar in Bengaluru)

((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;))

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