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Energy companies rise after renewed Iranian attacks on UAE

ReutersMar 17, 2026 3:13 PM

S&P 500 energy index .SPNY up 1.4% as oil prices rise

Brent crude LCOc1 futures up 0.9% at $101.06/barrel; U.S. West Texas Intermediate (WTI) crude futures CLc1 rise 0.7% to $94.07/barrel

Prices rise, recovering some of the previous session's losses as renewed Iranian attacks on the UAE heightened concerns about the worsening outlook for global supply if there is no quick resolution to U.S.-Israeli war on Iran

Oil majors Exxon Mobil XOM.N and Chevron CVX.N up 1.5% and 1.4%, respectively

Halliburton HAL.N, APA Corp APA.O, Baker Hughes BKR.O and Diamondback Energy FANG.O, among biggest percentage gainers on the energy index, advance between 2.3% and 4.2%

Refiners Marathon Petroleum MPC.N and Valero Energy VLO.N inch up 2% and 1.3%, respectively

Oilfield services companies: SLB SLB.N up ~3% and Liberty Energy LBRT.N advances ~5%

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