US energy stocks climb as oil rallies on Gulf tensions

By Reuters News

** Shares of US energy companies rise premarket, tracking higher oil prices O/R

** Brent crude futures up 1.5% at $111.24/barrel, after touching its highest since May

** US West Texas Intermediate crude rises 5.2% to $109.08/barrel, having earlier touched its highest level since April

** Prices gain with Brent reaching a five-month high, as traders priced in a geopolitical risk premium from Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf

** Energy majors ExxonMobil XOM.N and Chevron CVX.N gain 1.2% and 1.3%, respectively

** Oil and gas producers ConocoPhillips COP.N, Occidental Petroleum OXY.N, Permian Resources PR.N and SM Energy SM.N gain between 1.3% and 2.1%

** Oilfield services companies Baker Hughes BKR.O up 0.6% and SLB SLB.N gains 0.9%

** Halliburton HAL.N up 4.6% after beating Q3 revenue and profit estimates, helped by higher demand in Latin America

** Refiners Marathon Petroleum MPC.N up 1.6% and Phillips 66 PSX.N gains 1.9%

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