Energy stocks on Wall Street climb after US-China tariff cuts, economic outlook

S&P 500 energy index .SPNY rises 1.7%, tracking a rise in oil prices O/R

Brent crude futures LCOc1 up 2.5% at $66.59/barrel; U.S. West Texas Intermediate crude futures CLc1 up 2.8% at $63.66/barrel

Oil prices were lifted by a temporary cut in U.S.-China tariffs and a better than expected inflation report

U.S. and China agreed on sharp reductions to their import tariffs for at least 90 days, which also boosted the dollar and stocks on Wall Street

Top oil and gas majors Exxon Mobil XOM.N and Chevron CVX.N each up ~1%

Phillips 66 PSX.N, APA Corp APA.O, Valero Energy VLO.N and Marathon Petroleum MPC.N up between 3.4% and 5.9%; among the top percentage gainers on the energy index

Oilfield services companies SLB SLB.N up 1.3% and Baker Hughes BKR.O up 1.5%

Refiner HF Sinclair DINO.N up 3.9%