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

Viking Global Technologies

08/03/2022 11:27

** Energy stocks and ETFs track crude prices higher in light
volumes premarket, as fears of U.S. sanctions against Russian
fuel exports stoke supply concerns  urn:newsml:reuters.com:*:nL2N2VB056
    ** Brent crude  LCOc1  futures for May rose $3.07, or 2.49%,
to $126.28/bbl at 0756 GMT (0256 ET); U.S. WTI crude  CLc1 
futures for April delivery rose $2.29, or 1.92%, to $121.69
 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 12.5% and 32.8%, 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 1.7%-5.1%
    ** Chevron  CVX.N  and ExxonMobil  XOM.N  rise 0.6% and ~1%,
respectively
    ** Producers SM Energy  SM.N , Callon Petroleum  CPE.N ,
Occidental Petroleum  OXY.N , Devon Energy  DVN.N  and
ConocoPhillips  COP.N  gain 1.2%-4.0%
    ** Oilfield services firms Schlumberger  SLB.N  and
Halliburton  HAL.N  up 0.9%-2.0%
    ** Refiners Valero Energy  VLO.N  and PBF Energy  PBF.N  add
1.1%-2.0%

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