Oil rally lifts energy stocks, refiners lead gains

Marathon Petroleum

29/04/2026 16:05

** S&P 500 energy index .SPNY up 1.2%, as crude prices gain amid concerns of prolonged Middle East supply disruptions and larger-than-expected decline in U.S. crude stock piles O/R

** Brent crude futures LCOc1 up 5.5% at $117.33/barrel, climbing for an eighth day to the highest level since March 31

** U.S. West Texas Intermediate crude CLc1 gains 5.2% to $105.15/barrel, the highest since April 13

** Energy companies Exxon Mobil XOM.N and Chevron CVX.N gain ~1%, each

** Expand Energy EXE.O, Phillips 66 PSX.N, Valero Energy VLO.N and Marathon Petroleum MPC.N gain between 3.3% and 5.4%; among the top percentage gainers on the energy index

** Oil and gas producers: Devon Energy DVN.N up 1.6%, Occidental Petroleum OXY.N rises 1% and APA Corp APA.O gains 2.6%

** Refiner: HF Sinclair DINO.N gains 4.5%

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))