BUZZ-Energy stocks rise on Russia sanctions, but supply worries cap gains

Reuters11-11
BUZZ-Energy stocks rise on Russia sanctions, but supply worries cap gains

** S&P 500 energy index .SPNY up 1.3%, tracking a rise in crude prices

** Brent crude futures LCOc1 up 1.2% at $64.83/barrel; U.S. West Texas Intermediate crude futures CLc1 up 1.2% at $60.89/barrel

** Crude prices rise due to the impact of the latest U.S. sanctions on Russian oil, although oversupply concerns limited gains

** Energy majors Exxon Mobil XOM.N and Chevron CVX.N rise 1.2% and 1%, respectively

** Occidental Petroleum OXY.N, APA Corp APA.O and Devon Energy DVN.N gains between 1.9% and 3.5%; among the top percentage gainers on the energy index

** OXY on Monday beat Q3 profit estimates as higher production helped the U.S. shale producer counter weaker oil prices

** Oilfield services company SLB SLB.N and peer Halliburton HAL.N up 1.2% and 2.2% respectively

** Refiner Phillips 66 PSX.N gains 1.4% and peer Marathon Petroleum MPC.N up 2%

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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