BUZZ- Energy companies climbs as oil prices edge higher ahead of OPEC+ meeting
Energy companies' stocks rise as oil prices increase ahead of the OPEC+ meeting. S&P 500 energy index up 1.3%. Brent crude up 0.13% to $62.97/barrel, WTI crude futures up 1% to $59.24/barrel. Exxon Mobil and Chevron see gains, with Devon Energy, EQT Corp, Expand Energy, and Marathon Petroleum among top gainers. Phillips 66, Halliburton, and Baker Hughes also rise.
S&P 500 energy index (.SPNY) rises 1.3% as oil prices edge higher (O/L)
Brent crude (LCOc1) rise 0.13% at $62.97/barrel and U.S. West Texas Intermediate (WTI) crude futures (CLc1) 1% at $59.24/barrel
Oil prices rise while drawn-out Russia-Ukraine peace talks kept geopolitical risks elevated and traders keep one eye on the outcome of an OPEC+ meeting on Sunday for clues about potential output changes
Oil majors Exxon Mobil (XOM.N) up marginally and Chevron (CVX.N) rises 1%
Devon Energy (DVN.N) , EQT Corp (EQT.N) , Expand Energy (EXE.O) and Marathon Petroleum (MPC.N) rise between 2.4% and 1.8%; among biggest percent gainers on the index
Refiner Phillips 66 (PSX.N) up 1.5%
Oilfield services company Halliburton (HAL.N) climbs 1.9% and Baker Hughes (BKR.O) rises 1.1%
