Oil firms rise on Iran sanctions and lower US crude stocks

U.S.-listed shares of oil firms rise premarket, tracking rising prices of oil O/R

Brent crude futures LCOc1 up 1.6% at $68.54/barrel and U.S. West Texas Intermediate crude CLc1 rise 1.7% to $64.79/barrel

Oil prices rise as investors weighed a fresh round of U.S. sanctions on Iran, a drop in U.S. crude stocks, and a softer tone from President Donald Trump towards the Federal Reserve and his tariff war with China

Energy majors Chevron CVX.N and Exxon XOM.N up 1.7% and 1.6%, respectively

APA Corp APA.O rises ~3%, Devon Energy DVN.N up 2.9%, EOG Resources up 2.4% and ConocoPhillips COP.N gains 2.2%

Oilfield service companies Halliburton HAL.N and SLB SLB.N up 1.9% and 2%, respectively

Refiners Valero Energy VLO.N and Marathon Petroleum MPC.N rise 2.1% and 2.3%, respectively