US energy stocks rise as oil surges above $119 a barrel

Nextdecade

19/03/2026 11:50

Updates

** Shares of U.S. energy companies up marginally premarket, as oil prices rise

** Brent crude futures LCOc1 jump 6.7% to $114.60/barrel after hitting a session high of $119.13/barrel O/R

** U.S. West Texas Intermediate crude futures CLc1 rise 1.3% to $97.58 a barrel, widening its discount to Brent to the largest in 11 years, pressured by releases from the U.S. Strategic Petroleum Reserve and higher freight costs

** Crude prices jumped after Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field

** Energy majors Exxon Mobil XOM.N and Chevron CVX.N up 0.6% and 0.4%, respectively

** Oil and gas producers Occidental Petroleum OXY.N, APA Corp APA.O, Devon Energy DVN.N and EOG Resources EOG.N up between 0.5% and ~1%

** Tracking crude, natgas prices also edge up as demand rises

** U.S. natural gas futures NGc1 up 4.7% at $3.21 per million British thermal units

** LNG producers Venture Global VG.N up 7.1%, Cheniere Energy LNG.N gains 2.6% and NextDecade NEXT.O rises 3.8%

 (Reporting by Sumit Saha in Bengaluru)

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