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US energy stocks fall as Brent hits lowest since before Iran conflict

BUZZ-US energy stocks fall as Brent hits lowest since before Iran conflict

** S&P 500 energy index .SPNY down 2.45%, tracking decline in crude prices O/R

** Brent crude futures LCOc1 fell 4.3% at $73.76/barrel while U.S. West Texas Intermediate crude CLc1 down 4.13% at $70.19/barrel

** Oil prices fall more than $3 to their lowest level since before the start of the Iran war as signs emerged that more oil tankers are set to move out of the Strait of Hormuz

** Energy giants Exxon Mobil XOM.N and Chevron CVX.N down 1.9% and 1.8%, respectively

** Liberty Energy LBRT.N, APA Corp APA.O, SM Energy SM.N, Devon Energy DVN.N and Occidental Petroleum OXY.N fell between 1.8% and 4.2%, among top percentage losers on energy index

** Oilfield services companies: Halliburton HAL.N fell 2% and SLB SLB.N down 2.3%

** Refiners: Phillips 66 PSX.N down 1.6% and Marathon Petroleum MPC.N fell ~2%


(Reporting by Varun Sahay)

((Varun.sahay@thomsonreuters.com))

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