Energy firms rise following oil prices gaining

Targa Resources

24/03/2025 16:20

** S&P 500 energy index .SPNY rises 1.5% as oil prices gain

** Oil prices climb after President Donald Trump says he will impose 25% tariff on countries that buy oil and gas from Venezuela, as well as due to new U.S. sanctions on Iranian exports O/R

** Brent crude futures LCOc1 up ~1.4% at $73.15 per barrel; U.S. West Texas Intermediate (WTI) crude CLc1 rises ~1.5% to $69.32 per barrel

** Oil majors Chevron CVX.N and Exxon Mobil XOM.N up ~1% each

** Targa Resources TRGP.N gains 3.4%, EOG Resources EOG.N up 3.1%, Devon Energy DVN.N rises 2.8%, Halliburton HAL.N up 2.7%, Diamondback Energy FANG.O rises 1.8% - among top pct. gainers on energy index

 (Reporting by Seher Dareen in Bengaluru)

 ((Seher.Dareen@thomsonreuters.com;))