S&P Energy index climbs as oil prices elevate on Mideast ceasefire skepticism

Coterra Energy

27/03/2026 17:41

** S&P 500 energy index .SPNY up nearly 2% with all but one of 22 components in the green on Fri, following elevation in oil prices

** Brent crude futures LCOc1 up 3.4% to $111.63/barrel and U.S. West Texas Intermediate crude CLc1 up 4.2% at $98.66 as of 1:35 p.m. EDT

** Crude prices rise as traders cautious after U.S. President Donald Trump said talks with Iran were going well while offering no details O/R

** Oil majors Chevron CVX.N and Exxon Mobil XOM.N up 3% and 2%, respectively

** Oilfield services firms ascend: Baker Hughes BKR.O 2%, SLB SLB.N 1.6%, Halliburton HAL.N >3%

** Refiners lift: Valero VLO.N 2.5%, Marathon Petroleum MPC.N 1.6%

** Oil and gas producers gain: Occidental Petroleum OXY.N 1.9%, Devon Energy DVN.N 1.1%, APA Corp APA.O 2.4%, Coterra Energy CTRA.N 1.2%

** With move on the session, SPNY up ~40% YTD including 12.5% gain this month

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))