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US energy stocks up as Brent crude rises above $116 a barrel

ReutersMar 19, 2026 9:15 AM

Shares of U.S. energy companies up marginally premarket, as Brent crude prices rise

Brent Crude futures LCOc1 rise 8.2% to $116.20/barrel after hitting their session high of $116.66 a barrel O/R

U.S. West Texas Intermediate crude CLc1 rises 0.9% to $97.23 a barrel, widening its discount to Brent to the largest in 11 years, pressured by releases from the U.S. Strategic Petroleum Reserve and higher freight costs

Crude prices jumped after Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field

Energy majors Exxon Mobil XOM.N and Chevron CVX.N up 0.3% and 0.4%, respectively

Oil and gas producers Occidental Petroleum OXY.N, APA Corp APA.O, Devon Energy DVN.N and EOG Resources EOG.N up between 0.5% and 0.9%

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