BUZZ-Liberty Energy jumps after Trump picks CEO Chris Wright as energy secretary

Reuters11-18

** Shares of oilfield services firm Liberty Energy LBRT.N jump 18.3% to $20 premarket

** President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright would be his pick to lead the Department of Energy

** Wright is the founder and CEO of Liberty Energy

** He is a defender of fossil fuel use and is expected to support Trump's plan to maximize production of oil and gas

** Other oil-stocks are muted in pre-market trading

** Oil majors Exxon Mobil XOM.N and Chevron CVX.N rise 0.4% and 0.6%, respectively

** Oil and gas producer Occidental OXY.N up 0.5%

** Brent crude futures LCOc1 up 0.8%, while WTI crude futures CLc1 up 0.6%

** As of last close, LBRT was down about 7% YTD

(Reporting by Sukriti Gupta in Bengaluru)

((Sukriti.Gupta@thomsonreuters.com;))

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