Energy companies rise as Brent touches $100/bbl after Houthi attack on Saudi tankers

Baker Hughes

23/07/2026 14:46

Updates
** S&P 500 energy index .SPNY gains 1.7% as oil prices advance O/R
** Brent crude futures LCOc1 jump 5.8%, hitting $99.51/barrel; U.S. West Texas Intermediate CLc1 rises 4.7% to $90.90/barrel
** Prices hit nearly $100/barrel for the first time in more than a month after the Houthi militia of Yemen said they struck two Saudi oil tankers, widening disruption to global oil shipping through both the Red Sea and the Strait of Hormuz
** Energy majors Exxon XOM.N and Chevron CVX.N each gain ~2% 
** Devon Energy DVN.N, Diamondback Energy FANG.O, Ovintiv OVV.N and ConocoPhillips COP.N up between 2.4% and ~3%, among the biggest percentage gainers on the energy index
** Oilfield services companies advance: Baker Hughes BKR.O 1.3%, SLB SLB.N 1%
** Refiners ahead: Marathon Petroleum MPC.N ~2% and Phillips 66 PSX.N 1.6%

 (Reporting by Pranav Mathur and Dharna Bafna in Bengaluru)
 ((Pranav.Mathur@thomsonreuters.com;))