BUZZ-Energy firms fall on weak Chinese economic data, DeepSeek's pressure on markets

Updates

S&P 500 energy index .SPNY falls 1.2% as oil prices edge lower

Brent crude futures LCOc1 down 2.5% at $76.53 a barrel; U.S. West Texas Intermediate (WTI) crude CLc1 falls 2.8% to $72.60 a barrel

Oil prices fell to a two-week low, pressured by losses in Wall Street technology and energy stocks, as investors took cover after news of surging interest in Chinese startup DeepSeek's low-cost artificial intelligence model

Prices were already down early on weak economic data from China and worries that U.S. President Donald Trump's proposed tariffs would further pressure economic growth and energy demand

Producers like Devon Energy DVN.N, Diamondback Energy FANG.O, Permian Resources PR.N, Strathcona Resources SCR.TO, Canadian Natural Resources CNQ.TO all fall between 1% and 2%

Oilfield service companies like Liberty Energy LBRT.N drops 9.8%, Baker Hughes BKR.O falls 3.7%, Halliburton HAL.N loses 1.7%

Midstream companies like Kinder Morgan KMI.N falls 9.1%, Energy Transfer ET.N down 5.8%, OneOK OKE.N slips 4.3%, and Plains All Americans Pipelines PAA.O down 1.8%