Oil cos rise as talks of Russian fuel sanctions stoke supply concerns

Viking Global Technologies

08/03/2022 14:04

(Updates)
    ** Energy cos and ETFs track crude prices higher premarket,
as fears of U.S. sanctions against Russian fuel exports stoke
supply concerns  urn:newsml:reuters.com:*:nL2N2VB056
    ** U.S. could announce a ban on Russian oil imports as soon
as Tuesday, a source told Reuters  urn:newsml:reuters.com:*:nW1N2U401K  urn:newsml:reuters.com:*:nL2N2VA1MZ
    ** Brent crude  LCOc1  was up 5.1% at $129.50/bbl; U.S. WTI
crude  CLc1  rose 4.4% to $124.66/bbl  O/R 
    ** 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 10.2% and 36.8%, 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 1.8%-5.0%
    ** Chevron  CVX.N  and ExxonMobil  XOM.N  rise 0.8% and
1.1%, respectively
    ** Producers Occidental Petroleum  OXY.N , Marathon Oil
 MRO.N , Devon Energy  DVN.N , Callon Petroleum  CPE.N  and
Centennial Resource Development  CDEV.O  climb 1.9%-3.1%
    ** Oilfield services firms Schlumberger  SLB.N  and
Halliburton  HAL.N  up 1.4%-1.6%
    ** Refiners Valero Energy  VLO.N  adds 1.3%, and PBF Energy
 PBF.N  adds 3.3%

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