US energy stocks gain as oil prices surge over 7%

Diamondback Energy

13/04/2026 09:28

** Shares of U.S. energy companies rise premarket, as oil prices surge after Middle East talks collapse, naval blockade looms

** Oil prices climbed above $100 a barrel as the U.S. Navy prepared to block ships to and from Iran via the Strait of Hormuz, a move that could restrict Iranian oil exports, after Washington and Tehran failed to reach a deal to end the war

   ** Shares of energy majors Exxon Mobil XOM.N and Chevron CVX.N rise 2.7% and 2.3%, respectively

   ** Oil and gas producers Occidental Petroleum OXY.N, Devon Energy DVN.N, Diamondback Energy FANG.O and ConocoPhillips COP.N up between 3.2% and 4.1%

   ** Oilfield services companies Halliburton HAL.N adds 2.1% and SLB SLB.N up about 1.2%

 (Reporting by Joel Jose in Bengaluru)

 ((joeljose@thomsonreuters.com))