BUZZ - Oil prices rise due to concerns over Middle Eastern supply and hurricane risks, boosting U.S. energy stocks
路透社2026/10/08 10:56October 8 – Boosted by rising oil prices, U.S. energy stocks increased in pre-market trading O/R. Brent crude futures (LCOc1) rose 4.2% to $104.4 per barrel; U.S. West Texas Intermediate crude (CLc1) climbed 4% to $91.8 per barrel. Oil prices surged due to concerns over Middle Eastern supply disruptions following an increase in vessel attacks in the Gulf region and the Strait of Hormuz (link). Meanwhile, hurricane threats have impacted offshore production, leading to a decline in U.S. crude output. Major oil and gas giants Exxon Mobil (XOM.N) and Chevron (CVX.N) rose 1.6% and 1.3% respectively. Occidental Petroleum (OXY.N) and ConocoPhillips (COP.N) were up 1.6% and 1.7% respectively. Oilfield service providers Halliburton (HAL.N) and Baker Hughes (BKR.O) gained 1.2% and about 1% respectively. Refiners Marathon Petroleum (MPC.N) and Phillips 66 (PSX.N) climbed 1.5% and 1.2% respectively. (For non-native English speakers, Reuters provides automated translations of its reports into several languages. Since automatic translation may contain errors or lack context, Reuters does not guarantee the accuracy of the translated text, which is provided solely for readers’ convenience. Reuters shall not be liable for any damage or loss arising from the use of automated translation.)
October 8 - ** Driven by rising oil prices, US energy stocks rose in pre-market trading O/R
** Brent crude oil futures LCOc1 rose 4.2% to $104.4 per barrel; US West Texas Intermediate crude CLc1 rose 4%, to $91.8 per barrel
** Oil prices climbed due to concerns over Middle East supply following an increase in attacks on vessels in the Gulf region and Hormuz Strait (link); meanwhile, hurricanes threatened offshore production, leading to a drop in US crude output
** Major oil and gas giants Exxon Mobil XOM.N and Chevron CVX.N rose 1.6% and 1.3%, respectively
** Occidental Petroleum (OXY.N) and ConocoPhillips (COP.N) rose 1.6% and 1.7%, respectively
** Oilfield service providers Halliburton (HAL.N) and Baker Hughes (BKR.O) rose 1.2% and about 1%, respectively
** Refining companies Marathon Petroleum (MPC.N) and Phillips 66 (PSX.N) rose 1.5% and 1.2%, respectively
(To assist non-English speakers, Reuters has provided automated translations of its reports into several other languages. Because automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of these automated texts and provides them solely for reader convenience. Reuters accepts no liability for any damage or loss arising from the use of automated translation features.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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