Oil stocks fall as crude dips following reports of Saudi offering cargoes via Oman
XLE•Oil stocks fall as crude prices dip
Stocks of U.S. oil companies fell, tracking a dip in crude oil prices.
- S&P 500 energy index
.SPNYdown 1.9% - Brent crude
LCOc1futures fell 1.12% to$107.53/barrel, U.S. West Texas Intermediate (WTI) crude futuresCLc1down 1.91% at$105.83/barrel - Oil fell on easing supply concerns following reports that Saudi Arabia was offering additional crude cargoes via Oman
O/R
Big oil and oilfield services names decline
Top oil and gas firms ExxonMobil XOM.N and Chevron CVX.N fell 2.1% and 1.8%, respectively.
ConocoPhillips COP.N, EOG Resources EOG.N, Occidental Petroleum OXY.N and Diamondback Energy FANG.O were down between 4.1% and 8%, among the biggest percentage decliners on the energy index.
Oilfield services firm SLB SLB.N slipped 1.5%, and Halliburton HAL.N fell 1.2%.
