Oil firms rise ahead of US-China trade talks

Liberty Energy

09/05/2025 15:33

Updates

** S&P 500 energy index .SPNY rises 1%, tracking a rise in oil prices O/R

 ** Brent crude futures LCOc1 up 0.7% at $63.28/barrel; U.S. West Texas Intermediate crude futures CLc1 up 0.6% at $60.29/barrel

 ** Both benchmarks on track to rise more than 4% for the week

 **
Oil prices
 poised for a weekly gain as trade tensions between top oil consumers China and the United States showed signs of easing

**
U.S. Treasury Secretary Scott Bessent will meet China's top economic official Vice Premier He Lifeng in Switzerland on Saturday to work towards resolving trade disputes

 ** Oil and gas majors Exxon Mobil XOM.N up marginally and Chevron CVX.N up ~1%

 ** Diamondback Energy FANG.O, Expand Energy EXE.O, EQT Corp EQT.N and APA Corp APA.O up between 1.6% and 2.8%; among the top percentage gainers on the energy index

 ** Oilfield services companies Baker Hughes BKR.O and Liberty Energy LBRT.N up ~1% and 1.3%, respectively

 ** Refiner PBF Energy up 2.1%

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))