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Energy stocks down on easing Middle East risks

ReutersJun 30, 2025 3:52 PM

S&P 500 energy index .SPNY down 0.3%, tracking a dip in crude prices O/R

Brent Crude futures LCOc1 down 0.3% at $67.57/barrel; U.S. West Texas Intermediate crude CLc1 falls 1.2% to $64.75/barrel

Crude prices slipped as investors weighed easing Middle East risk alongside a possible OPEC+ output increase in August and uncertainty over the global demand outlook

Energy major Chevron CVX.N down marginally

Diamondback Energy FANG.O, EOG Resources EOG.N, Devon Energy DVN.N and Exxon Mobil XOM.N decline between 0.8% and 1.4%; among the top percentage losers on the energy index

Oil and gas producers Occidental Petroleum OXY.N and APA Corp APA.O down marginally

Refiner Marathon Petroleum MPC.N down marginally

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