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Energy firms gain as crude rises on OPEC action, Ukraine attack

ReutersDec 1, 2025 4:37 PM

S&P 500 energy index .SPNY up 1%, tracking higher crude prices O/R

Brent crude futures LCOc1 up 1.6% at $63.38/barrel; U.S. West Texas Intermediate crude futures CLc1 rise 1.61% to $59.49/barrel

Prices rise following drone attacks by Ukraine, the closure of Venezuelan airspace by the United States, and OPEC's decision to leave output levels unchanged in the first quarter of 2026

Energy majors Chevron CVX.N and Exxon Mobil XOM.N up 1.3% and 0.8%, respectively

Targa Resources TRGP.N, Halliburton HAL.N, APA Corp APA.O and Diamondback Energy FANG.O rise between 2.3% and 2.8%, among top gainers on the energy index

Oilfield services companies Baker Hughes BKR.O and SLB SLB.N up 0.3% and 0.7%, respectively

Refiners Phillips 66 PSX.N and Valero Energy VLO.N up 2.2% and 2.1%, respectively

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