US energy stocks gain as oil tops $100 on supply fears

Baker Hughes

16/10/2026 18:46

** S&P 500 energy index .SPNY up 1.8%, tracking higher oil prices O/R
** Brent crude futures LCOc1 up 2.9% at $109.02 a barrel, after hitting its highest since September 14
** US West Texas Intermediate crude CLc1 rise 2.6% to $100.52 a barrel, crossing $100 for the first time since September 21
** Prices gain more than 3%, heading for weekly gains on continued uncertainty over Middle East supplies, and as investors kept assessing how much diesel Russia could supply to the global markets
** Energy majors ExxonMobil XOM.N up 1.9% and Chevron CVX.N gains 2.2%
** EOG Resources EOG.N, Diamondback Energy FANG.O, ConocoPhillips COP.N and EQT Corp EQT.N up between 3.3% and 3.7%, among the top percentage gainers on the energy index
** Oilfield services companies Baker Hughes BKR.O up 2.5% and SLB SLB.N gains 2.6%
** Refiner Phillips 66 PSX.N up 1.4% 

 (Reporting by Sumit Saha in Bengaluru)
 ((Sumit.Saha@thomsonreuters.com))