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US energy stocks slide as crude prices drop

ReutersJan 30, 2026 11:03 AM

Shares of U.S. energy companies down premarket, tracking a decline in crude prices O/R

Brent crude futures LCOc1 down 1.1% at $69.94/barrel and U.S. West Texas Intermediate (WTI) crude futures CLc1 fall 1.2% to $64.65/barrel

Crude prices slip as signs of possible U.S.–Iran nuclear dialogue ease fears of supply disruption, though they remain on track for strong monthly gains

Energy majors Exxon Mobil XOM.N and Chevron CVX.N down 3.5% and 1.4% respectively

Oil and gas producers: APA Corp APA.O, Devon Energy DVN.N, EOG Resources EOG.N and Occidental Petroleum OXY.N decline between 1.1% and 2.1%

Oilfield services company SLB SLB.N down 2.6% and peer Halliburton HAL.N falls 2.1%

Refiners: Marathon Petroleum MPC.N and Phillips 66 PSX.N down 2.8% and 0.8%, respectively

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