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US energy stocks fall on rising supply; tariff uncertainty persists

ReutersApr 25, 2025 3:01 PM

S&P 500 energy index .SPNY marginally down, tracking oil prices

Brent crude futures LCOc1 and U.S. West Texas Intermediate crude CLc1 fall 0.5% each to $65.98/barrel and $62.24/barrel, respectively

Oil prices set for weekly decline under pressure from market expectations of oversupply and uncertainty around Sino-U.S. tariff talks

Energy majors Exxon XOM.N and Chevron CVX.N each down marginally

Marathon Petroleum MPC.N, Texas Pacific Land Corp TPL.N, Coterra Energy CTRA.N and Phillips 66 PSX.N down between ~1% and 2.1%; among top percentage losers on the energy index

Oilfield services company SLB SLB.N misses Q4 profit estimates as weaker Latin American demand weighed on its international business

Refiner Phillips 66 PSX.N posts bigger-than-expected Q1 loss, hurt by lower refining margins

Refiner Marathon Petroleum MPC.N down ~1%

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