Oil stocks fall as crude dips following reports of Saudi offering cargoes via Oman

Diamondback Energy

16/09/2026 15:45

** Stocks of U.S. oil companies fall, tracking a dip crude oil prices
** S&P 500 energy index .SPNY down 1.9%
** Brent crude LCOc1 futures fall 1.12% to $107.53/barrel, U.S. West Texas Intermediate (WTI) crude futures CLc1 down 1.91% at $105.83/barrel 
** Oil falls on easing supply concerns following reports that Saudi Arabia was offering additional crude cargoes via Oman O/R
** Top oil and gas firms ExxonMobil XOM.N and Chevron CVX.N fall 2.1% and 1.8%, respectively
** ConocoPhillips COP.N, EOG Resources EOG.N, Occidental Petroleum OXY.N and Diamondback Energy FANG.O down between 4.1% and 8%, among the biggest percentage decliners on the energy index
** Oilfield services firm SLB SLB.N slips 1.5%, Halliburton HAL.N down 1.2% 

 (Reporting by Tyakshi Singh in Bengaluru)
 ((Tyakshi.singh@thomsonreuters.com))