Energy firms fall on report of Israel-Lebanon ceasefire deal

EnLink Midstream LLC

25/11/2024 15:23

** S&P 500 energy index  .SPNY  falls 0.5% as oil prices
drop around 2%  O/R 
    ** Brent crude futures  LCOc1  down 1.9% at $73.74/barrel;
U.S. West Texas Intermediate crude futures  CLc1  down 2.1% at
$69.75/barrel
    ** Oil prices tumbled after Axios reported that Israel and
Lebanon had agreed to the terms of a deal to end the
Israel-Hezbollah conflict, citing an unnamed senior U.S.
official
    ** Top oil co Exxon Mobil  XOM.N  down 0.6%
    ** ONEOK  OKE.N  down 2%, Conocophillips  COP.N  falls 1.4%,
and Diamondback Energy  FANG.O  down 1.3%; among top pct losers
on the energy index
    ** Pipeline operator ONEOK on Sunday had agreed to buy the
remaining shares of EnLink Midstream  ENLC.N  for $4.3 bln in an
all-stock deal

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))