US energy stocks rise after strikes on Saudi Arabia
BUZZ-US energy stocks rise after strikes on Saudi Arabia Updates
** S&P 500 Energy index .SPNY gains 1.04%, tracking rising oil prices O/R
** Oil prices rise after new strikes on Saudi Arabian energy infrastructure and attacks on ships in the Middle East compounded supply concerns
** Brent crude futures LCOc1 up 4.3% at $109.02/barrel and U.S. West Texas Intermediate crude CLc1 jumps 3.9% to $103.95/barrel
** Oil prices surged around 9% last week as attacks in the Middle East escalated, with Brent rising above $100/barrel a barrel for the first time since July
** Top oil and gas companies Exxon Mobil XOM.N and Chevron CVX.N rise 1.3% and ~1%, respectively
** APA Corp APA.O, Marathon Petroleum MPC.N, Diamondback Energy FANG.O and EOG Resources EOG.N rise between 2% and 3.5%; among top percentage gainers on energy index
** Refiners Phillips 66 PSX.N and Valero Energy VLO.N up 1.3% and 1.7%, respectively
(Reporting by Pooja Menon in Bengaluru)