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Energy stocks gain as Iran suspends cooperation with UN nuclear watchdog

ReutersJul 2, 2025 10:38 AM

U.S.-listed shares of oil companies gain premarket, tracking rising oil prices O/R

Brent crude futures LCOc1 up 0.9% at $67.72/barrel and U.S. West Texas Intermediate crude futures CLc1 up 0.9% at $66.09/barrel

Oil prices edge up as Iran suspended cooperation with the U.N. nuclear watchdog and markets weighed expectations of increased supply from major producers next month, while the U.S. dollar softened further

Top oil and gas companies Exxon Mobil XOM.N and Chevron CVX.N each rise marginally

APA Corp APA.O up 1%, EQT Corp EQT.N rises 1.2% and Occidental Petroleum OXY.N up 1%

Shares of oilfield services companies Halliburton HAL.N and SLB SLB.N rise 1.1% and ~1%, respectively

Refiner Phillips 66 PSX.N up marginally

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