Energy index hits record high as oil rally lifts sector

By Reuters News

** S&P 500 energy index .SPNY hits record high, tracking higher crude prices, last up 1.4% O/R

** Brent crude futures up 2.2% at $117.41/barrel, on course to finish over 13% higher for the month

** US West Texas Intermediate (WTI) crude futures climbed 2.04% to $104.8/barrel, heading for a monthly jump of about 15%

** Prices rise as fears of an escalation in the US-Iran conflict and a tanker attack in the Strait of Hormuz heighten supply concerns

** Phillips 66 PSX.N, Valero Energy VLO.N, Marathon Petroleum MPC.N and Diamondback Energy FANG.O gain between 2.2% and 2.7%, among the top percentage gainers on the energy index

** Energy majors: ExxonMobil XOM.N up 1.4% and Chevron CVX.N rises 1.9%

** Separately, XOM and CVX beat Q3 profit estimates as surging refining margins boosted earnings from their fuel-making businesses

** Oilfield services companies: Baker Hughes BKR.O up ~2% and Halliburton HAL.N gains 1.4%

** ConocoPhillips COP.N, EOG Resources EOG.N, Occidental Petroleum OXY.N and EQT Corp EQT.N up between 1% and 1.9%

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk