US energy companies gain on tight supplies

ReutersSep 24, 2025 1:58 PM

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S&P 500 energy index .SPNY rises 2%, tracking higher crude prices O/R

Brent crude LCOc1 up 1.1% at $68.40/barrel and U.S. West Texas Intermediate (WTI) crude futures CLc1 up 1.2% at $64.16/barrel

Oil prices rise as an industry report showed U.S. crude inventories declining last week, adding to a sense in the market of tightening supplies amid export issues in Kurdistan and Venezuela and disruptions to Russian supplies

Top oil and gas majors Exxon Mobil XOM.N and Chevron CVX.N rise 1% and 1.2%, respectively

Halliburton HAL.N, Williams Companies WMB.N, Devon Energy DVN.N and EQT Corp EQT.N gain between 1.6% and 2%, among top pct gainers on the energy index

Refiners Phillips 66 PSX.N and Valero Energy VLO.N each up 1%

Oilfield services companies SLB SLB.N and Baker Hughes BKR.O both up 1%

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