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Energy stocks gain on US-China talks, Saudi supply dip

ReutersJun 10, 2025 1:59 PM

S&P 500 Energy index .SPNY up 1.3%, tracking rise in oil prices O/R

Brent crude futures LCOc1 rise 0.4% to $67.33/barrel; while U.S. West Texas Intermediate crude CLc1 up 0.3% at $65.53/barrel

Crude prices rise, buoyed by U.S.-China trade talks and a dip in Saudi Arabian crude supply to China

Energy majors Chevron CVX.N and Exxon XOM.N rise 1.1% each

ConocoPhillips COP.N, EOG Resources EOG.N, Halliburton HAL.N, APA Corp APA.O and Valero Energy VLO.N rise between 1.8% and 2.6% - among top percentage gainers on the energy index

Oilfield services company Baker Hughes BKR.O up 1.8% and SLB SLB.N gains 1.1%

Refiners Marathon Petroleum MPC.N and HF Sinclair DINO.N rise 1.3% and 1.7%

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