Oil cos rise as rebound in China's import lifts crude prices

ReutersApr 14, 2025 8:56 AM

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Shares of U.S. oil companies climb in pre-market trade as crude prices edge up

Brent crude futures LCOc1 up 0.62% at $65.16/bbl at 0852 GMT, while U.S. West Texas Intermediate crude futures CLc1 rise 0.65% to $61.90/bbl O/R

China's crude oil imports in March rebounded sharply from the previous two months and were up nearly 5% from a year earlier, boosted by a surge in Iranian oil and a rebound in Russian oil deliveries

Oil majors Exxon Mobil XOM.N and Chevron CVX.N climb 1.8% and 1.2%, respectively

Oil and gas producer Occidental Petroleum OXY.N up 1.6%

Top oilfield services firm SLB SLB.N up 1.3%

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