Energy firms rise as Moscow peace talks fail to reach breakthrough

Targa Resources

03/12/2025 15:21

** S&P 500 energy index .SPNY up 1.1% as crude prices edge higher O/R

** Brent crude futures LCOc1 up 0.79% at $62.93/barrel and U.S. West Texas Intermediate crude CLc1 rise 0.9% to $59.19/barrel

** Oil prices rise after Russia said talks with U.S. officials in Moscow failed to reach a compromise on a potential Ukraine peace deal that could have eased sanctions on its oil sector

** Top oil and gas firms Exxon XOM.N up 1.5% and Chevron CVX.N rise 1.1%

** APA Corp APA.O, Targa Resources TRGP.N, Conocophillips COP.N and EOG Resources EOG.N rise between 2.8% and 1.2% - among biggest percent gainers on the index

** Oilfield services firm Halliburton HAL.N rise ~2% and SLB SLB.N up 1.9%

** Refiners Phillips 66 PSX.N up marginally and Valero energy VLO.N up 1.2%

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))