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

Targa Resources

10/06/2025 16:17

Updates

** S&P 500 Energy index .SPNY up 1.8%, tracking rise in oil prices O/R

** Brent crude futures LCOc1 rise ~1% to $67.70/barrel; while U.S. West Texas Intermediate crude CLc1 up 1% at $65.98/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 2.4% and 2.1%, respectively

** EOG Resources EOG.N, Halliburton HAL.N, APA Corp APA.O, Devon Energy DVN.N and SLB SLB.N rise between 3.4% and 5.7% - among top percentage gainers on the energy index

** Oilfield services company Baker Hughes BKR.O up 1.8%

** Refiners Marathon Petroleum MPC.N and HF Sinclair DINO.N rise ~2% and 2.8%, respectively

(Reporting by Sumit Saha in Bengaluru)

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