tradingkey.logo

Energy companies rise as US court blocks Trump tariffs

ReutersMay 29, 2025 10:43 AM

U.S.-listed shares of energy companies rise premarket, tracking gain in oil prices O/R

Crude prices rise after a U.S. court blocks most of President Donald Trump's tariffs, while the market watches out for potential new U.S. sanctions curbing Russian crude flows

Brent Crude futures LCOc1 up 1.2% at $65.66/barrel, while U.S. West Texas Intermediate crude CLc1 rises 1.2% to $62.58/barrel

Energy majors Chevron CVX.N and Exxon XOM.N both up ~1%

Oil and gas producers ConocoPhillips COP.N, Occidental Petroleum OXY.N both rise 1.3%, APA Corp APA.O gains 2.7% and Devon Energy DVN.N up 1.2%

Top oilfield service companies Halliburton HAL.N and SLB SLB.N rise 1.7% and ~1%, respectively

Refiners Marathon Petroleum MPC.N and Valero Energy VLO.N both up 1%, and Phillips 66 PSX.N gains 1.8%

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI