Tiger Brokers

BUZZ-Energy firms fall as oil prices edge lower

Reuters
Mar 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10