---
title: "BUZZ-US energy companies gain as Middle East conflict sends crude prices sharply higher"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278103016.md"
datetime: "2026-03-06T12:59:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278103016.md)
  - [en](https://longbridge.com/en/news/278103016.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278103016.md)
---

# BUZZ-US energy companies gain as Middle East conflict sends crude prices sharply higher

Shares of U.S. energy companies gain premarket, tracking higher crude prices as conflict in the Middle East kept shipping and energy exports through the vital Strait of Hormuz halted (O/R)

Brent Crude futures (LCOc1) up 4.4% at $89.12 per barrel; while U.S. West Texas Intermediate (CLc1) gains 6.2% to $86.06/barrel

“Volatility remains high and physical markets are getting tighter…We’d anticipate prices to continue to rise with no obvious triggers for an easing of the risks to supply on horizon,” Panmure Liberum analyst Ashley Kelty said

Energy majors Exxon Mobil (XOM.N) gains 1.7% and Chevron (CVX.N) rises 1.6%

Oil and gas producers: Diamondback Energy (FANG.O) , APA Corp (APA.O) , Occidental Petroleum (OXY.N) and Devon Energy (DVN.N) rise between 1.9% and 3.1%

Oilfield services companies SLB (SLB.N) and Halliburton (HAL.N) gain 1.2% each

Refiners: Marathon Petroleum (MPC.N) up 1.7%, Valero Energy (VLO.N) gains 1.4% and Phillips 66 (PSX.N) rises 1.2%

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