BUZZ-Energy firms fall as oil prices edge lower

Reuters
03-21
BUZZ-Energy firms fall as oil prices edge lower

** S&P 500 energy index .SPNY falls 0.8% as oil prices edge lower

** Brent crude futures LCOc1 down 0.4% at $71.73 per barrel; U.S. West Texas Intermediate $(WTI)$ crude CLc1 falls 0.2% to $67.91 per barrel

** Oil prices fell slightly on Friday but were headed for second consecutive weekly gain as fresh U.S. sanctions on Iran and latest output plan from OPEC+ producer group raised expectations of tighter supply

** Oil majors Chevron CVX.N and Exxon Mobil XOM.N down 0.4% and 0.5%, respectively

** Valero Energy VLO.N, Marathon Petroleum MPC.N, Phillips 66 PSX.N down between 1.2% and 1.7%, among top pct. losers on energy index

** Oilfield equipment and services operators Baker Hughes BKR.O down 1%

(Reporting by Tanay Dhumal in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))

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