US energy stocks gain as Saudi attacks boost crude prices

By Reuters News

** S&P 500 energy index .SPNY up 1.4%, tracking higher oil prices O/R

** Prices hover near two-week highs as attacks on Saudi Arabia overshadow prospects of higher supply from fresh Russian diesel exports and a Russia-Ukraine ceasefire on energy targets

** Brent crude futures up 1.8% at $106.6 a barrel, after touching its highest since September 29 and US West Texas Intermediate crude rise 1.9% to $93.63 a barrel

** Energy majors: Chevron CVX.N and ExxonMobil XOM.N up 1.4% and 1.8% respectively

** Diamondback Energy FANG.O, APA Corp APA.O, Occidental Petroleum OXY.N and ConocoPhillips COP.N gain between 1.8% and 2.5%; among the top percentage gainers on the energy index

** Refiners: Phillips 66 PSX.N rises 1.4% and Marathon Petroleum MPC.N gains 0.9%

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.