US oil firms slip ahead of Federal Reserve meeting

PDC Energy

12/06/2023 11:08

** U.S. energy firms fall premarket as crude oil prices slip
more than $2 ahead of the Federal Reserve meeting
    ** Concerns about China's fuel demand growth and rising
Russian crude supply also weigh
    ** Brent crude futures  LCOc1  slide 2.5% to $72.88 a
barrel, while U.S. West Texas Intermediate crude  CLc1  falls
2.6% to $68.53 per barrel
    ** Both benchmarks posted their second straight weekly
declines last week as disappointing Chinese economic data offset
a boost in prices from Saudi Arabia's pledge to cut production
    ** Producers PDC Energy  PDCE.O , Occidental Petroleum
 OXY.N , Exxon Mobil  XOM.N  and Chevron  CVX.N  fall between
0.9% and 1.4% premarket
    ** Oil-field services firms Halliburton  HAL.N  and SLB
 SLB.N  slip 1.5% and 1.7%, respectively

 (Reporting by Arshreet Singh)
 ((Twitter: https://twitter.com/Arshreets))