US energy stocks climb as oil prices rally on supply fears
XLE•Refiners also gain
- Refiners: Phillips 66 PSX.N up 2.4%, Marathon Petroleum MPC.N rises 2.6%; Valero Energy VLO.N gains ~2%
Energy stocks rise with oil prices
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S&P 500 Energy index .SPNY gains 1.9%, tracking rising oil prices O/R
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Crude prices rise after a report says oil loadings at Saudi Arabia's Red Sea port of Yanbu have been suspended and Libya has halted operations at three oil fields, raising concerns about prolonged supply disruptions
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Brent crude futures LCOc1 up 2.2% at $107.98/barrel; U.S. West Texas Intermediate crude CLc1 jumps 3.1% to $104.50/barrel
Energy majors and explorers advance
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Energy majors: ExxonMobil XOM.N and Chevron CVX.N up 2.6% and 2%, respectively
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APA Corp APA.O, Devon Energy DVN.N, EOG Resources EOG.N and Diamondback Energy FANG.O up between 2.8% and 4.3%; among the top percentage gainers on the energy index
