BUZZ-Energy firms gain as crude rises on OPEC action, Ukraine attack
Energy firms' stocks rise as crude prices increase following Ukraine's drone attacks, U.S. closure of Venezuelan airspace, and OPEC's decision to maintain output levels. S&P 500 energy index up 1%, with Brent crude futures at $63.38/barrel and WTI at $59.49/barrel. Chevron and Exxon Mobil see gains, while Targa Resources, Halliburton, APA Corp, and Diamondback Energy are top gainers. Oilfield services and refiners also see stock increases.
S&P 500 energy index (.SPNY) up 1%, tracking higher crude prices (O/R)
Brent crude futures (LCOc1) up 1.6% at $63.38/barrel; U.S. West Texas Intermediate crude futures (CLc1) rise 1.61% to $59.49/barrel
Prices rise following drone attacks by Ukraine, the closure of Venezuelan airspace by the United States, and OPEC’s decision to leave output levels unchanged in the first quarter of 2026
Energy majors Chevron (CVX.N) and Exxon Mobil (XOM.N) up 1.3% and 0.8%, respectively
Targa Resources (TRGP.N) , Halliburton (HAL.N) , APA Corp (APA.O) and Diamondback Energy (FANG.O) rise between 2.3% and 2.8%, among top gainers on the energy index
Oilfield services companies Baker Hughes (BKR.O) and SLB (SLB.N) up 0.3% and 0.7%, respectively
Refiners Phillips 66 (PSX.N) and Valero Energy (VLO.N) up 2.2% and 2.1%, respectively
