BUZZ-Energy companies rise as crude prices gain on Fed rate-cut signals, supply concerns
Energy companies' stocks rise as crude prices increase, driven by expectations of a U.S. Federal Reserve rate cut and geopolitical supply concerns. The S&P 500 energy index is up 0.5%, with Brent crude futures and U.S. West Texas Intermediate crude both rising by 1%. Top gainers include Exxon, Expand Energy, EQT Corp, Diamondback Energy, SLB, Halliburton, Phillips 66, and Valero Energy, with increases ranging from 1.1% to 2.5%.
Reuters·