BUZZ - Oil prices surge due to heightened tensions in the Gulf, driving US energy stocks higher
路透社2026/10/20 11:46October 20 - ** Driven by rising oil prices, U.S. energy stocks are up in pre-market trading O/R
** Brent crude oil futures LCOc1 rose 1.5% to $111.24 per barrel, after hitting the highest level since May
** U.S. West Texas Intermediate crude oil CLc1 climbed 5.2% to $109.08 per barrel, after reaching the highest level since April
** Following reports of Houthi attacks on Saudi infrastructure and vessels in the Gulf, traders factored geopolitical risk premium into prices, sending oil prices higher, with Brent crude hitting a five-month high
** Energy giants Exxon Mobil XOM.N and Chevron CVX.N rose 1.2% and 1.3% respectively
** Oil and gas producers ConocoPhillips COP.N, Occidental Petroleum OXY.N, Permian Resources PR.N, and SM Energy SM.N saw gains between 1.3% and 2.1%
** Oilfield service company Baker Hughes (BKR.O) rose 0.6%, SLB SLB.N increased 0.9%
** Halliburton HAL.N surged 4.6%, benefiting from increased demand in Latin America, with both Q3 revenue and profit exceeding market expectations
** Refiners Marathon Petroleum (MPC.N) gained 1.6%, while Phillips 66 (PSX.N) was up 1.9%
(For the convenience of non-native English speakers, Reuters offers automated translations of its reports into several other languages. As automated translations may contain errors or lack required context, Reuters does not guarantee the accuracy of automated translation texts, which are provided solely for readers’ convenience. Reuters assumes no responsibility for any damage or loss arising from use of the automated translation feature.)
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