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S&P Energy index climbs as oil prices elevate on Mideast ceasefire skepticism

ReutersMar 27, 2026 5:42 PM

S&P 500 energy index .SPNY up nearly 2% with all but one of 22 components in the green on Fri, following elevation in oil prices

Brent crude futures LCOc1 up 3.4% to $111.63/barrel and U.S. West Texas Intermediate crude CLc1 up 4.2% at $98.66 as of 1:35 p.m. EDT

Crude prices rise as traders cautious after U.S. President Donald Trump said talks with Iran were going well while offering no details O/R

Oil majors Chevron CVX.N and Exxon Mobil XOM.N up 3% and 2%, respectively

Oilfield services firms ascend: Baker Hughes BKR.O 2%, SLB SLB.N 1.6%, Halliburton HAL.N >3%

Refiners lift: Valero VLO.N 2.5%, Marathon Petroleum MPC.N 1.6%

Oil and gas producers gain: Occidental Petroleum OXY.N 1.9%, Devon Energy DVN.N 1.1%, APA Corp APA.O 2.4%, Coterra Energy CTRA.N 1.2%

With move on the session, SPNY up ~40% YTD including 12.5% gain this month

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