Energy firms rise on China stimulus, Middle East conflict and hurricane risk

Marathon Oil

24/09/2024 11:16

** U.S. energy firms rise premarket as oil prices climb
    ** Brent crude futures  LCOc1  up 2.4% at $75.66 a barrel;
U.S. West Texas Intermediate (WTI) crude  CLc1  rises 2.5% to
$72.16 a barrel
    ** Oil prices rise on monetary stimulus from top importer
China and concerns that conflict in the Middle East could hit
regional supply, while another hurricane threatened supply in
the United States, the world's biggest crude producer
    ** Oil majors Chevron  CVX.N  and Exxon Mobil  XOM.N  up
0.8% each
    ** Marathon Oil  MRO.N , Occidental Petroleum  OXY.N  and
Diamondback Energy  FANG.O  up between 0.8% and 1.8%
    ** Oilfield equipment and services operators SLB  SLB.N  and
Halliburton  HAL.N  up 1.1% and 1.2%, respectively

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