US energy stocks gain on US-EU trade deal, Trump dialing up pressure on Russia

Targa Resources

28/07/2025 15:24

Updates

** S&P 500 Energy index .SPNY up ~1%, tracking higher crude prices O/R

** Brent Crude LCOc1 up 2.2% at $69.91/barrel and U.S. West Texas Intermediate crude futures CLc1 up 2.3% at $66.62/barrel

** Crude prices rise after a trade deal between the U.S. and the European Union and U.S. President Donald Trump's announcement that he would shorten the deadline set for Russia to end its war in Ukraine or face severe tariffs

** Energy majors Chevron CVX.N up 0.5% and Exxon Mobil XOM.N up ~1%

** Devon Energy DVN.N, Diamondback Energy FANG.O, APA Corp APA.O and Phillips 66 PSX.N rise between 1.7% and 2.6%; among the top percentage gainers on the energy index

** Oilfield services companies Halliburton HAL.N and SLB SLB.N each gain 1.1%

** Refiner Marathon Petroleum MPC.N up 1.2% and HF Sinclair DINO.N rises 1.7%

(Reporting by Sumit Saha in Bengaluru)

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