Energy companies fall as Iran-Israel conflict enters sixth day

ReutersJun 18, 2025 3:13 PM

*S&P 500 energy index .SPNY down 0.5%, tracking a dip in crude prices O/R

Crude prices turned negative after earlier gains as President Donald Trump declined to answer reporters' questions on whether the U.S. was planning to strike Iran or its nuclear facilities

Brent crude futures LCOc1 fall 1.9% to $75.10/barrel; U.S. West Texas Intermediate crude CLc1 down 1.7% at $73.53/barrel

Shares of U.S. oil majors Exxon Mobil XOM.N and Chevron CVX.N reversed course, both down marginally

*Halliburton HAL.N, Baker Hughes BKR.O, Valero Energy VLO.N and Diamondback Energy FANG.O decline between 1.1% and 2.5%; among the top percentage losers on the energy index

Oilfield services company SLB SLB.N down marginally

Refiners Marathon Petroleum MPC.N down 1.2% and HF Sinclair DINO.N down marginally

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