Oil companies rise on hopes of further OPEC+ cuts

Callon Petroleum Co

28/11/2023 17:58

** Shares of oil and gas companies rise tracking a jump in
oil prices
    ** Brent crude  LCOc1  climbs 2.56% to $82.03/bbl and U.S.
West Texas Intermediate crude  CLc1  up 2.7% at $76.88/bbl  O/R 
    ** Prices surge on the possibility OPEC+ will extend or
deepen supply cuts, a storm-related drop in Kazakh oil output
and a weaker U.S. dollar 
    ** Energy majors Exxon Mobil  XOM.N  and Chevron  CVX.N 
gain 0.86% and 1.41% respectively
    ** Hess Corp up 1.5%, top pct gainer on S&P 500 Energy
Sector  .SPNY 
    ** Shares of Permian Resources  PR.N , Callon Petroleum
 CPE.N , Vital Energy  VTLE.N , and Northern Oil and Gas  NOG.N 
rise between 1.3% and 1.8%

 (Reporting by Vallari Srivastava)
 ((Srivastava.Vallari@thomsonreuters.com;))