Energy firms rise on hopes of summer fuel demand

Marathon Oil

10/06/2024 15:21

** S&P 500 energy index  .SPNY  rises 0.7% as oil prices
edge higher
    ** Brent crude futures  LCOc1  up 0.9% at $80.33 a barrel;
U.S. West Texas Intermediate (WTI) crude  CLc1  rises 1% to
$76.27 a barrel, buoyed by hopes of rising fuel demand this
summer
    ** Oil majors Chevron  CVX.N  and Exxon Mobil  XOM.N  up
0.7% and 0.9%, respectively
    ** Marathon Oil  MRO.N , Williams Companies  WMB.N , EQT
 EQT.N  and Occidental Petroleum  OXY.N  up between 1% and 1.6%;
among top pct gainers on the energy index
    ** Oilfield services firm Baker Hughes  BKR.O  and
Patterson-UTI Energy  PTEN.O  up 1.2% and 0.7%, respectively

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