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BUZZ-US energy sector rises as crude on track for weekly gain
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BUZZ-US energy sector rises as crude on track for weekly gain

** S&P 500 energy sector .SPNY rises 0.7%, tracking crude prices

** Brent crude LCOc1 up 1% at $72.72/barrel and U.S. West Texas Intermediate crude CLc1 up 1.1% at $69.74/barrel

** Both on track for weekly gain due to output disruptions in U.S. Gulf of Mexico after Hurricane Francine forced evacuation of production platforms

** Energy majors Exxon Mobil XOM.N and Chevron CVX.N gain 0.4% and 1%, respectively

** Phillips 66 PSX.N, SLB SLB.N, Diamondback Energy FANG.O and APA Corp APA.O rise between 1% and 1.7%

** Shares of Marathon Petroleum MPC.N climb 2.1%, the top pct gainer on energy index


(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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