US energy stocks fall as Brent hits lowest since before Iran conflict

SM Energy

24/06/2026 15:08

** S&P 500 energy index .SPNY down 2.45%, tracking decline in crude prices O/R
** Brent crude futures LCOc1 fell 4.3% at $73.76/barrel while U.S. West Texas Intermediate crude CLc1 down 4.13% at $70.19/barrel 
** Oil prices fall more than $3 to their lowest level since before the start of the Iran war as signs emerged that more oil tankers are set to move out of the Strait of Hormuz
** Energy giants Exxon Mobil XOM.N and Chevron CVX.N  down 1.9% and 1.8%, respectively
** Liberty Energy LBRT.N, APA Corp APA.O, SM Energy SM.N, Devon Energy DVN.N and Occidental Petroleum OXY.N fell between 1.8% and 4.2%, among top percentage losers on energy index 
** Oilfield services companies: Halliburton HAL.N fell 2% and SLB SLB.N down 2.3% 
** Refiners: Phillips 66 PSX.N down 1.6% and Marathon Petroleum MPC.N fell ~2%

 (Reporting by Varun Sahay)
 ((Varun.sahay@thomsonreuters.com))