Energy companies rise as Russia-Ukraine peace hopes fade, Yemen tensions rise

Coterra Energy

30/12/2025 15:53

**  S&P 500 energy index .SPNY up 0.6%, tracking higher crude pricesO/R

** Brent crude futures LCOc1 up 0.4% at $62.21/barrel and U.S. West Texas Intermediate (WTI) crude CLc1 rises 0.6% to $58.44/barrel

** Crude prices rise as investors take stock of dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen

** "I guess the market has now adapted again its expectation, not looking for any breakthrough for a peace agreement between Ukraine and Russia in the short term," said UBS analyst Giovanni Staunovo

** Top oil and gas firms Exxon XOM.N and Chevron CVX.N both rise 0.6%

** Devon Energy DVN.N, APA corp APA.O, Coterra Energy CTRA.N and Diamondback Energy FANG.O up between 1.7% and 1%, among top percent gainers on the index

** Oilfield services company Halliburton HAL.N climbs 1.2%

** Refiner Phillips 66 PSX.N up marginally

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))