Energy firms rise on recovery in equity markets

ReutersApr 8, 2025 11:06 AM

Shares of U.S. energy firms rise premarket as oil prices climb

Brent crude futures LCOc1 up 0.3% at $64.38 a barrel; U.S. West Texas Intermediate (WTI) crude CLc1 rises 0.4% to $60.93 a barrel on recovery in equity markets

Oil majors Chevron CVX.N and Exxon Mobil XOM.N up 1.8% and 1.3%, respectively

APA APA.O up 6.6%, ConocoPhillips COP.N up 1.6% and Diamondback Energy FANG.O up 1.2%

Refiners Valero Energy VLO.N and Phillips 66 PSX.N up 2.2% and 1.5%, respectively

Oilfield equipment and services operator SLB SLB.N up 2%

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