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BUZZ-US energy sector tracks crude prices lower

ReutersFeb 21, 2025 3:35 PM

S&P 500 energy index .SPNY slips 0.7% as oil prices fall O/R

Brent crude futures LCOc1 down 1.2% at $75.58/barrel and U.S. West Texas Intermediate crude CLc1 decline 1.3% to $71.52/barrel, as uncertainty loomed over a potential peace deal in Ukraine

Prices further pressured by a rise in U.S. crude oil stockpiles while gasoline and distillate inventories fell last week - U.S. Energy Information Administration

Oil majors Chevron CVX.N and Exxon Mobil XOM.N down marginally

Baker Hughes BKR.O, Diamondback Energy FANG.O, Targa Resources TRGP.N and APA Corp APA.O down between 1.7% and 2.3%; among top percentage losers on the energy index

Oilfield services firms Halliburton HAL.N and SLB SLB.N down 1.1% and ~1% respectively

Refiner Valero Energy VLO.N down 1.5%

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