Oil firms gain as crude prices rise on supply worries after Red Sea attack

Callon Petroleum Co

18/12/2023 13:30

** Shares of oil and gas companies rise in premarket
trading, tracking prices of oil  O/R 
    ** Brent crude  LCOc1  up 1.65% at $77.91/bbl and US West
Texas Intermediate crude CLc1  up 1.82% at 72.73/bbl after
attacks by the Houthis on ships in the Red Sea raised concerns
of oil supply disruptions
    ** Energy majors Exxon Mobil  XOM.N  and Chevron  CVX.N  up
0.8% and 0.6%, respectively
    ** Shares of Devon Energy  DVN.N , Occidental Petroleum
 OXY.N , Marathon Oil  MRO.N , Hess Corp  HES.N , EQT Corp
 EQT.N  and Callon Petroleum  CPE.N  gain between 0.9% and 2.6%
    ** Oilfield services firms Halliburton  HAL.N  and SLB
 SLB.N  rise 0.9% and 1.1%, respectively

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