Oil firms rise as Reuters reports OPEC+ could delay planned output hike in December

Marathon Oil

30/10/2024 12:54

** U.S.-listed shares of energy companies up premarket,
tracking rising oil prices  O/R 
    ** Brent crude futures  LCOc1  up 1.01% at $71.84/barrel;
U.S. West Texas Intermediate crude futures  CLc1  up 1.10% at
$67.94/barrel
    ** Prices receive boost after Reuters reports OPEC+ could
delay a planned hike in oil production scheduled to take effect
in December by a month or more
    ** Decision to postpone the hike could come as early as next
week - sources told Reuters
    ** Top oil and gas cos Exxon  XOM.N  and Chevron  CVX.N  up
0.5% and 0.6%, respectively
    ** Shares of E&P cos Occidental Petroleum  OXY.N  up 0.8%,
ConocoPhillips  COP.N  gains 0.7%, Marathon Oil  MRO.N  rises 1%
    ** Shares of oilfield services firms Patterson-UTI Energy
 PTEN.O  and Baker Hughes  BKR.O  rise 1.5% and 0.5%,
respectively
    ** Refiners Valero Energy  VLO.N  and Phillips 66  PSX.N  up
0.8% and 1%, respectively

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))