Chevron, Exxon hit highs as U.S. weighs Russian fuel ban

Viking Global Technologies

08/03/2022 15:45

(Updates)
    ** Chevron  CVX.N  jumps as much as 4.9% to record high of
$170; ExxonMobil  XOM.N  hits highest in over 5 yrs after
climbing 4.4% to $90.95
    ** U.S. President Joe Biden was expected to announce a ban
on Russian oil in remarks at 10:45 a.m. (1545 GMT) on Tuesday,
people familiar with the matter said  urn:newsml:reuters.com:*:nL3N2VB0G9  urn:newsml:reuters.com:*:nL2N2VA1MZ
    ** Brent crude  LCOc1  was up 7.1% at $131.95/bbl; prices
had hit a record high of $147.50 during the 2008 financial
crisis
    ** U.S. WTI crude  CLc1  rose 7.4% to $128.20/bbl; its 2008
record high was $147.27  O/R 
    ** S&P 500 Energy Index  .SPNY  up 3.3%
    ** O&G players Camber Energy  CEI.N  and Enservco  ENSV.N  -
cos with stocks under $5/shr - top volumes charts across U.S.
exchanges and climb 32% and 74.8%, respectively
    ** ProShares Ultra Bloomberg Crude Oil  UCO.P , United
States Oil Fund LP  USO.P  and SPDR S&P Oil & Gas Exploration &
Production ETF  XOP.P  jump 4.3%-7.5%
    ** Producers Occidental Petroleum  OXY.N , Marathon Oil
 MRO.N , Devon Energy  DVN.N , Callon Petroleum  CPE.N  and
Centennial Resource Development  CDEV.O  climb 3.1%-8.3%
    ** Oilfield services firm Schlumberger  SLB.N  up 7.8% and
Halliburton  HAL.N  up 6.5%
    ** Refiners Valero Energy  VLO.N  adds 7.6% and PBF Energy
 PBF.N  adds 17.9%
    ** HAL and VLO among top 10 movers on S&P 500 Index  .SPX ,
CVX among top 3 movers on Dow Jones Industrial Average Index
 .DJI 

 (Reporting by Ruhi Soni in Bengaluru;)
 ((Ruhi.Soni@thomsonreuters.com;
Twitter: https://twitter.com/ruhithere;))