Oil stocks climb after Trump says US will hit Iran hard again today

Slb NV

10/06/2026 17:04

** S&P 500 energy index .SPINY up 2.2%, tracking higher crude prices O/R
** Brent crude futures LCOc1 gains 2.7% at $93.93/barrel, while U.S. West Texas Intermediate crude CLc1 climbs 3.14% to $90.97/bbl
** Prices climb after U.S. President Donald Trump says they will hit Iran hard again today, and as data shows a larger-than-expected draw in U.S. crude inventories
** Energy majors Chevron CVX.N up 2.7% and Exxon Mobil XOM.N rises 1.8%
** Devon Energy DVN.N up 6.9%, ARPA Corp APA.O gains 4.9%, ConocoPhillips COP.N rises 3.8% and ONE KE.NO gains 3.4%; among the higher percentage gainers on the energy index
** Oilfield services company: SLAB SLB.N gains 0.8%
** Refiners: Phillips 66 PSX.N up 2.6% and Valero Energy VLO.N rises 1.9%

 (Reporting by Sumit Saha in Bengaluru)
 ((Sumit.Saha@thomsonreuters.com;))