US energy cos rise as crude hovers near six-week high
BUZZ-US energy cos rise as crude hovers near six-week high ** Shares of U.S. energy companies gain premarket, tracking higher crude prices O/R
** Brent crude futures LCOc1 up ~4% at $94.61/barrel and U.S. West Texas Intermediate crude futures CLc1 rise 4.2% to $87.87/barrel
** Prices rise to near six-week highs on concerns about disruptions to key Middle Eastern shipping routes amid escalating U.S.-Iran tensions and threats from Yemen's Iran-backed Houthis
** Energy majors: Exxon Mobil XOM.N and Chevron CVX.N up 1.1% each
** Oil and gas producers: Devon Energy DVN.N up 1.9%, Occidental Petroleum OXY.N gains 1.4%, APA Corp APA.O rises 0.6% and SM Energy SM.N up 1%
** Oilfield services company Baker Hughes BKR.O up 0.7% and its peer SLB SLB.N gains 0.9%
** Refiners: Phillips 66 PSX.N gains 1.1% and Marathon Petroleum MPC.N up 1.6%
(Reporting by Sumit Saha in Bengaluru)
Recent news on SM Energy
See all newsUS energy stocks rise as oil jumps on Saudi attack fears
US energy stocks climb as oil rallies on Gulf tensions
U.S. RESEARCH ROUNDUP-Caseys General Stores, Targa Resources, United Rentals
SM Energy Co reports results for the quarter ended June 30 - Earnings Summary
SM Energy Q2 net income surges, raises second-half production outlook