BUZZ-Energy companies rise as Russia-Ukraine peace hopes fade, Yemen tensions rise

Reuters2025-12-30
BUZZ-Energy companies rise as Russia-Ukraine peace hopes fade, Yemen tensions rise

** S&P 500 energy index .SPNY up 0.6%, tracking higher crude pricesO/R

** Brent crude futures LCOc1 up 0.4% at $62.21/barrel and U.S. West Texas Intermediate $(WTI)$ crude CLc1 rises 0.6% to $58.44/barrel

** Crude prices rise as investors take stock of dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen

** "I guess the market has now adapted again its expectation, not looking for any breakthrough for a peace agreement between Ukraine and Russia in the short term," said UBS analyst Giovanni Staunovo

** Top oil and gas firms Exxon XOM.N and Chevron CVX.N both rise 0.6%

** Devon Energy DVN.N, APA corp APA.O, Coterra Energy CTRA.N and Diamondback Energy FANG.O up between 1.7% and 1%, among top percent gainers on the index

** Oilfield services company Halliburton HAL.N climbs 1.2%

** Refiner Phillips 66 PSX.N up marginally

(Reporting by Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com))

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