Oil companies rise after bigger-than-expected withdrawal from US crude storage

ProPetro Holding

13/12/2023 16:51

** Shares of oil and gas companies rise, tracking more than
1% gain in oil prices
    ** Brent crude  LCOc1  up 1.4% at $74.18/bbl and US West
Texas Intermediate crude  CLc1  up 1.2% at $69.36/bbl after a
five-month low in the prior session on a much
bigger-than-expected weekly withdrawal from U.S. crude storage
    ** Oil majors Exxon Mobil  XOM.N   and Chevron  CVX.N  rise
0.2% and 0.1% respectively 
     ** Oil and gas producers Vital Energy  VTLE.N , CNX
Resources  CNX.N , Permian Resources  PR.N , Callon Petroleum
 CPE.N  and Occidental  OXY.N  up between 0.9% and 1.8% 
    ** Oilfield services companies Baker Hughes  BKR.O , Liberty
Energy  LBRT.N  and ProPetro  PUMP.N  rise between 0.13% and
1.03%
    ** Refiners Marathon Petroleum  MPC.N , Valero Energy
 VLO.N  and HF Sinclair Corp  DINO.N  up between 1.5% and 1.9%
    ** EQT Corp  EQT.N  gains 1.3% after Reuters reported it is
planning to sell $3 bln portfolio

 (Reporting by Vallari Srivastava)