US energy stocks gain on Middle East risk, tight supply

ONEOK (Oklahoma)

17/07/2025 17:04

** S&P 500 Energy Index .SPNY up 0.14%, tracking a rise in crude prices O/R

** Brent Crude LCOc1 up 0.7% at $69.98/barrel and U.S. West Texas Intermediate crude futures CLc1 up ~1% at $67.04/barrel

** Crude prices rise, with analysts citing low inventories and renewed Middle East risks as factors supporting the market

** Energy major Chevron CVX.N rise marginally

** Marathon Petroleum MPC.N, Valero Energy VLO.N, Conocophillips COP.N and ONEOK OKE.N rise between 0.8% and 1.5%; ranking among the top percentage gainers on the energy index

** Oilfield services companies: Baker Hughes BKR.O up 0.7% and Halliburton HAL.N rise 0.6%

** Refiner Phillips 66 PSX.N up 0.8%

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))