US energy sector gains as US fuel stock data drives up crude prices

Pioneer Natural Resources Co

08/02/2024 16:28

** S&P 500 Energy Sector  .SPNY  rises 0.72%, as crude
prices gain
    ** Brent crude  LCOc1  up 2.2% to $75.46/bbl and US West
Texas Intermediate crude  CLc1  up 2.1% to $80.91/bbl after an
unexpected drop in U.S. fuel stocks and investors considered the
impact of Israel's rejection of a ceasefire  O/R 
    ** Oil majors Exxon Mobil  XOM.N  and Chevron  CVX.N  up
1.1% and 0.6%, respectively 
    ** Devon Energy  DVN.N , ConocoPhillips  COP.N , Diamondback
 FANG.O  and Pioneer Natural Resources  PXD.N  rise 0.8%-1.9%,
among top pct. gainers on the energy index
    

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))