US energy sector falls on surprise US crude inventory rise

Vital Energy

10/01/2024 17:35

(Updates)
    ** S&P 500 Energy Sector  .SPNY  declines 1%, tracking a
fall in crude prices  O/R 
    ** Brent crude  LCOc1  down 0.2% at $77.39/bbl and U.S. West
Texas Intermediate crude  CLc1  down 0.1% at $72.21/bbl, after a
surprise jump in U.S. crude stockpiles raised worries about
demand in the world's largest oil market
        ** U.S. crude inventories rose by 1.3 mln barrels in the
week ended Jan. 5 to 432.4 mln barrels, compared with analysts'
expectations of a 700,000 barrel drop  EIA/S 
  
    ** Energy majors Exxon Mobil  XOM.N  and Chevron  CVX.N 
fall 0.1% and 1%, respectively
    ** Devon Energy  DVN.N , Baker Hughes  BKR.O , Marathon Oil
 MRO.N , Coterra Energy  CTRA.N , Valero Energy  VLO.N  and
Phillips 66  PSX.N  among the top pct. losers on the energy
index, down between 1.3% and 2.2%

 (Reporting by Vallari Srivastava)
 ((Srivastava.Vallari@thomsonreuters.com;))