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

ReutersJun 10, 2025 3:17 PM

S&P 500 Energy index .SPNY up 1.8%, tracking rise in oil prices O/R

Brent crude futures LCOc1 rise ~1% to $67.70/barrel; while U.S. West Texas Intermediate crude CLc1 up 1% at $65.98/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 2.4% and 2.1%, respectively

EOG Resources EOG.N, Halliburton HAL.N, APA Corp APA.O, Devon Energy DVN.N and SLB SLB.N rise between 3.4% and 5.7% - among top percentage gainers on the energy index

Oilfield services company Baker Hughes BKR.O up 1.8%

Refiners Marathon Petroleum MPC.N and HF Sinclair DINO.N rise ~2% and 2.8%, respectively

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