Energy firms fall as OPEC+ prepares for October oil production increase

Marathon Oil

30/08/2024 17:23

** S&P 500 energy index  .SPNY  falls 0.5% as oil prices
edge lower
    ** Brent crude futures  LCOc1  down 1.4% at $78.86 a barrel;
U.S. West Texas Intermediate (WTI) crude  CLc1  falls 2.4% to
$74.07 a barrel pressured by concerns of more supply entering
the market from OPEC+
    ** Oil majors Chevron  CVX.N  and Exxon Mobil  XOM.N  down
0.7% and 1.2%, respectively
    ** Marathon Oil  MRO.N , EOG Resources  EOG.N , Diamondback
Energy  FANG.O  and APA  APA.O  down between 1.7% and 2.7%;
among top pct. losers on the energy index
    ** Oilfield equipment and services operators Baker Hughes
 BKR.O  and Halliburton  HAL.N  down 1.3% and 1.4%, respectively

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))