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Energy companies gain on higher crude prices

ReutersDec 29, 2025 4:00 PM

S&P 500 energy index .SPNY up 1.2%, tracking higher crude prices O/R

Brent crude futures LCOc1 up 2.4% at $62.07/barrel and U.S. West Texas Intermediate crude CLc1 gains 2.6% to $58.22/barrel

Crude prices climb over $1 as investors weigh talks between U.S. and Ukrainian presidents on a possible deal to end the war in Ukraine against potential oil supply disruption in the Middle East

Energy major Chevron CVX.N rise 0.9%

Texas Pacific Land TPL.N, Devon Energy DVN.N, Diamondback Energy FANG.O and Exxon Mobil XOM.N rise between 1.6% and 2%; among the top percentage gainers on the energy index

Oilfield services company Halliburton HAL.N up marginally

Refiners Phillips 66 PSX.N and Marathon Petroleum MPC.N both up 0.6%

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