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US energy stocks rise as oil surges above $119 a barrel

ReutersMar 19, 2026 11:50 AM

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

Brent crude futures LCOc1 jump 6.7% to $114.60/barrel after hitting a session high of $119.13/barrel O/R

U.S. West Texas Intermediate crude futures CLc1 rise 1.3% to $97.58 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 0.6% 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 ~1%

Tracking crude, natgas prices also edge up as demand rises

U.S. natural gas futures NGc1 up 4.7% at $3.21 per million British thermal units

LNG producers Venture Global VG.N up 7.1%, Cheniere Energy LNG.N gains 2.6% and NextDecade NEXT.O rises 3.8%

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