Energy stocks gain on US-China talks, Saudi supply dip

Targa Resources

10/06/2025 14:59

** S&P 500 Energy index .SPNY up 1.3%, tracking rise in oil prices O/R

** Brent crude futures LCOc1 rise 0.4% to $67.33/barrel; while U.S. West Texas Intermediate crude CLc1 up 0.3% at $65.53/barrel

** Crude prices rise, buoyed by U.S.-China trade talks and a dip in Saudi Arabian crude supply to China

** Energy majors Chevron CVX.N and Exxon XOM.N rise 1.1% each

** ConocoPhillips COP.N, EOG Resources EOG.N, Halliburton HAL.N, APA Corp  APA.O and Valero Energy VLO.N rise between 1.8% and 2.6% - among top percentage gainers on the energy index

** Oilfield services company Baker Hughes BKR.O up 1.8% and SLB SLB.N gains 1.1%

** Refiners Marathon Petroleum MPC.N and HF Sinclair DINO.N rise 1.3% and 1.7%

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))