tradingkey.logo

Energy companies down after US data shows large builds in fuel stocks

ReutersJun 4, 2025 3:50 PM

S&P 500 energy index .SPNY down 1.1%, tracking a dip in oil prices O/R

Brent crude futures LCOc1 falls 1.6% to $64.57/barrel, while U.S. West Texas Intermediate crude CLc1 down 1.4% at $62.52/barrel

Oil prices slipped after U.S. data showed larger-than-expected inventories of gasoline and diesel, adding to supply concerns amid global trade tensions and ongoing OPEC+ output increases

Both energy majors Chevron CVX.N and Exxon XOM.N down ~1%

Valero Energy VLO.N, Marathon Petroleum MPC.N, Phillips 66 PSX.N and Diamondback Energy FANG.O decline between 2.8% and 1.4%; among the top percentage losers on the energy index

Oilfield services companies: Halliburton HAL.N down marginally and SLB SLB.N dips 1.1%

Refiner HF Sinclair falls 2.2%

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