Oil companies rise as crude rebounds after US-China trade tensions ease

Vital Energy

13/10/2025 15:25

Updates

** S&P 500 energy index .SPNY rises 1% as oil prices edge higher as investors focused on potential talks between the presidents of the United States and China that could ease trade tensions between the world's two largest economies

** Brent crude LCOc1 up 1% at $63.38/barrel and U.S. West Texas Intermediate (WTI) crude futures CLc1 up 1.1% at $59.54/barrel

** Both contracts lost around 4% on Friday to settle at their lowest since May

** Top oil and gas firms Exxon Mobil XOM.N and Chevron CVX.N rise 1.3% and 1.5%, respectively

** Valero Energy VLO.N, Marathon Petroleum MPC.N and Phillips 66 PSX.N rise between 2% and ~3%, among biggest pct gainers on the energy index

** Oilfield services cos Halliburton HAL.N and Baker Hughes BKR.O each up ~1%

 (Reporting by Arunima Kumar and Dharna Bafna in Bengaluru)

 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;))