US energy stocks gain after Trump comments raise doubts over Iran deal

Diamondback Energy

12/11/2026 14:07

** Shares of US oil and gas companies rise premarket as oil prices climb O/R
** Brent futures LCOc1 up 1.30% at $93.97 a barrel and US West Texas Intermediate crude CLc1 gains 0.90% to $87.31/barrel
** Oil prices rise after US President Donald Trump said, "We don't need a deal with Iran," adding uncertainty to efforts to end the war
** Oil majors ExxonMobil XOM.N and Chevron CVX.N up 1.3% each
** ConocoPhillips COP.N rises 1.1%, Diamondback Energy FANG.O adds 1.6%, Occidental Petroleum OXY.N jumps 1.5% and APA Corp APA.O up 1.4%
** Refiners PBF Energy PBF.N rises ~1.8% and Phillips 66 PSX.N gains 1.4%
** Oilfield services provider SLB SLB.N rises 1.1%



 (Reporting by Anushree Mukherjee in Bengaluru)
 ((anushree.ashishMukherjee@thomsonreuters.com;))