BUZZ-Energy companies gain on Trump's Iran 'armada' comments, Kazakh outage

Reuters
2026.01.23 14:57
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Energy companies saw gains following President Trump's comments regarding Iran, with the S&P 500 energy index rising 1.7%. Oil prices increased, with Brent crude up 2.6% at $65.74/barrel and WTI crude up 2.8% at $60.99/barrel. Major oil companies like Exxon Mobil and Chevron experienced slight increases, while SLB, Halliburton, and Valero Energy saw gains between 2.9% and 4.4%. Refiners Phillips 66 and Marathon Petroleum also rose, alongside oilfield services companies like Liberty Energy and Baker Hughes.