Energy firms gain on stronger crude prices

Sport Lisboa e Benfica Futebol SAD

25/11/2022 12:55

** U.S. oil and gas firms make slight gains in premarket
trade, tracking the rise in crude oil prices 
    ** Oil prices rise on Friday in thin market liquidity,
closing a week marked by worries about Chinese demand and
haggling over a Western price cap on Russian oil  urn:newsml:reuters.com:*:nL1N32L036
    ** Brent crude  LCOc1  up 1.6% at $86.71 a barrel, while
U.S. West Texas Intermediate crude  CLc1  advances 2.3% to
$79.76 
    ** Oil majors Exxon Mobil Corp  XOM.N  and Chevron Corp
 CVX.N  gain 0.7% and 0.8%, respectively
    ** Oil producers Occidental Petroleum Corp  OXY.N , Marathon
Oil Corp  MRO.N , Devon Energy Corp  DVN.N  and APA Corp 
 APA.O  climb between 1% and 1.5%
    ** Oilfield services firms SLB NV  SLB.N , Halliburton Co
 HAL.N , and Transocean Ltd  RIG.N  up 1%-1.5%
    ** ETFs - United States Oil Fund LP  USO.P  up 2.6% and
ProShares Ultra Bloomberg Crude Oil  UCO.P  up 4.5%
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))