Oil companies dip as crude hits 11-day low on hopes of US-Iran diplomacy, Saudi exports

EOG Resources

21/09/2026 15:24

    ** S&P 500 energy index  .SPNY  down 1.9%, tracking dip in
crude prices  O/R 
    ** Oil prices slide to 11-day low as investors pinned hopes
on diplomatic progress over Iran war due to this week's UN
meeting, and eyed a partial recovery in shipments from Saudi
Arabia
    ** Brent crude futures  LCOc1  down 3.3% at $100.6/barrel,
while US West Texas Intermediate crude  CLc1  down 4% at
$96.28/barrel  
    ** Energy majors Exxon Mobil  XOM.N  and Chevron  CVX.N 
down 2.7% and 1.8%, respectively
    ** Occidental Petroleum  OXY.N , ConocoPhillips  COP.N ,
Diamondback Energy  FANG.O , Halliburton Company  HAL.N  down
between 2.3% and 3%, among top percentage losers on energy index
    ** Oilfield services company SLB  SLB.N  down 0.9%

    (Reporting by Sudeshna Ghoshal in Bengaluru)
((mailto:Sudeshna.Ghoshal@thomsonreuters.com;))