US energy stocks gain as Middle East war widens, oil jumps

Coterra Energy

30/03/2026 09:53

** Shares of U.S. energy companies rise premarket, tracking higher crude prices O/R

** Brent crude futures LCOc1 set for record monthly rise, now up 2.8% at $115.72/barrel, while U.S. West Texas Intermediate CLc1 gains 1.6% to $101.23/barrel

** Yemen's Houthis launched their first attacks on Israel over weekend, widening the Middle East war

** Energy majors Exxon Mobil XOM.N and Chevron CVX.N up about 1.5% each

** Oil and gas producers: Occidental Petroleum OXY.N, Devon Energy DVN.N, Coterra Energy CTRA.N , APA Corp APA.O and EOG Resources EOG.N gain between 1.3% and 2.4%

** Oilfield services companies Baker Hughes BKR.O up 1.4% and SLB SLB.N gains 1.6%

** Refiner Marathon Petroleum MPC.N gains 1.4% and Valero Energy VLO.N rises 2.3%

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))