Energy sector falls on easing supply concerns

Callon Petroleum Co

03/11/2023 18:25

** S&P 500 energy index  .SPNY  falls 8.68% as oil prices
slide after supply concerns driven by Middle East tensions eased
    ** Brent crude  LCOc1  down 2.42% at $84.75/bbl and U.S.
West Texas Intermediate crude  CLc1  down 2.61% at $80.32/bbl
 O/R 
    ** Oil majors Exxon Mobil  XOM.N  and Chevron  CVX.N  fall
1.63% and 1.13%, respectively
    ** Valero Energy  VLO.N , Marathon Oil  MRO.N ,
ConocoPhillips COP.N and Marathon Petroleum  MPC.N  fall
1.90%-3.72%; among top losers on the energy index
    ** Oil and gas producers Hess  HES.N , Callon Petroleum
 CPE.N  and Occidental Petroleum  OXY.N  down between 1% and
4.5%
    ** Oilfield services companies SLB  SLB.N  and Halliburton
 HAL.N  down 1.16% and 0.54%, respectively
    ** Oil and gas refiners PBF Energy  PBF.N  and Phillips 66
 PSX.N  fall 4.89% and 1.58%, respectively


    

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))