Energy firms fall on easing supply concerns

Marathon Oil

08/10/2024 17:09

(Updates)
    ** U.S. oil and gas companies fall, tracking crude prices
 O/R 
    ** Brent crude futures  LCOc1  down 4.4% at $77.36 a barrel;
U.S. West Texas Intermediate (WTI) crude  CLc1  falls 4.5% to
$73.67 a barrel
    ** Prices fall as fears of supply interruptions from the
conflict between Israel and Iran and a massive Gulf of Mexico
hurricane eased
    ** Industry giants Chevron  CVX.N  and Exxon Mobil  XOM.N 
down 1.9% and 2.7%, respectively
    ** Shares of Halliburton  HAL.N , EOG Resources  EOG.N ,
Marathon Oil  MRO.N , Conocophillips  COP.N , APA Corp  APA.O 
and Phillips 66  PSX.N  fall between 3% and 3.8%
        ** Valero Energy  VLO.N  and Marathon Petroleum  MPC.N 
drop 5.1% and 7.9%, respectively; both among the top pct losers
on the S&P 500 Energy sector  .SPNY 

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