Energy companies gain on Trump's Iran 'armada' comments, Kazakh outage

Liberty Energy

23/01/2026 14:57

** S&P 500 energy index .SPNY rises 1.7% as oil prices edge higher

** Brent crude LCOc1 up 2.6% at $65.74/barrel; U.S. West Texas Intermediate (WTI) crude futures CLc1 gain 2.8% at $60.99/barrel

** Oil prices rise after U.S. President Donald Trump renews threats against Iran, raising concerns of military action that could disrupt crude supplies; outages in Kazakhstan add support O/R

** Oil majors: Exxon Mobil XOM.N gains 1.2%; Chevron CVX.N up marginally

** SLB SLB.N, Halliburton HAL.N, Valero Energy VLO.N and APA Corp APA.O among biggest percent gainers on the energy index, up between 2.9% and 4.4%

** Refiners: Phillips 66 PSX.N gains ~3%; Marathon Petroleum MPC.N up 2.5%

** Oilfield services companies: Liberty Energy LBRT.N rises ~4%; Baker Hughes BKR.O up marginally

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))