Oil stocks rise as crude gains on Trump rejection of Iran peace deal

Occidental Petroleum

28/09/2026 14:59

** S&P 500 energy index .SPNY up ~1%, tracking rising oil prices O/R
** Crude prices rise ~2% after US President Donald Trump reject Iran's peace deal to resolve conflict and reopen the Strait of Hormuz
** Brent futures LCOc1 tick up $1.68, or 1.6%, to $106/ barrel; US West Texas Intermediate crude CLc1 was gain 1.8% to at $94.10/barrel
** Energy majors ExxonMobil XOM.N and Chevron CVX.N shares inch up 1.5% and 1%, respectively 
** Chevron CVX.N, Occidental Petroleum OXY.N, EOG Resources EOG.N and Conocophillips COP.N advance 0.6% to 1.4% each; among the top percentage gainers on the energy index
** Refiners Phillips 66 PSX.N and Valero Energy VLO.N up 0.6% and 0.8%

 (Reporting by Katha Kalia in Bengaluru)
 ((katha.kalia@thomsonreuters.com))