Energy firms fall as traders digest Trump tariff reprieve

Vital Energy

21/01/2025 15:53

(Updates)
    ** S&P 500 energy index  .SPNY  falls 0.9% as oil prices
edge lower
    ** Brent crude futures  LCOc1  down 1.4% at $79.07 a barrel;
U.S. West Texas Intermediate (WTI) crude  CLc1  falls 2.2% to
$76.19 a barrel
        ** Oil prices 
    fell
     as investors assessed U.S. President Donald Trump's plans
to apply new tariffs later than expected while boosting oil and
gas production in the United States
  
    ** Oil majors Exxon Mobil  XOM.N  and Chevron  CVX.N  down
0.7% and 1.8%, respectively
    ** APA  APA.O , Occidental  OXY.N  and Devon Energy  DVN.N 
down between 2.7% and 3.4%, among top pct. losers on the energy
index
    ** Top oilfield services company Baker Hughes  BKR.O  and
Halliburton  HAL.N  down 0.8% and 0.5%, respectively

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
 ;))