ReutersReuters

Energy companies rise as US court blocks Trump tariffs

RefinitivLess than 1 min read

** U.S.-listed shares of energy companies rise premarket, tracking gain in oil prices

** Crude prices rise after a U.S. court blocks most of President Donald Trump's tariffs, while the market watches out for potential new U.S. sanctions curbing Russian crude flows

** Brent Crude futures BRN1! up 1.2% at $65.66/barrel, while U.S. West Texas Intermediate crude CL1! rises 1.2% to $62.58/barrel

** Energy majors Chevron CVX and Exxon XOM both up ~1%

** Oil and gas producers ConocoPhillips COP, Occidental Petroleum OXY both rise 1.3%, APA Corp APA gains 2.7% and Devon Energy DVN up 1.2%

** Top oilfield service companies Halliburton HAL and SLB SLB rise 1.7% and ~1%, respectively

** Refiners Marathon Petroleum MPC and Valero Energy VLO both up 1%, and Phillips 66 PSX gains 1.8%

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