BUZZ - Oil prices break through $100 due to supply concerns, U.S. energy stocks rise
路透社2026/10/16 17:56October 16 - ** The S&P 500 Energy Index .SPNY rose 1.8%, following the increase in oil prices O/R
** Brent crude futures LCOc1 rose 2.9% to $109.02 per barrel, after hitting the highest point since September 14
** U.S. West Texas Intermediate crude CLc1 increased 2.6% to $100.52 per barrel, breaking above the $100 mark for the first time since September 21
** Due to ongoing uncertainty in Middle East supply and investors still assessing how much diesel Russia can supply to the global market, oil prices (link) rose over 3%, putting them on track for a weekly gain
** Energy giants Exxon Mobil (XOM.N) rose 1.9% and Chevron (CVX.N) gained 2.2%
** EOG Resources (EOG.N), Diamondback Energy (FANG.O), ConocoPhillips (COP.N), and EQT Corporation (EQT.N) all saw gains between 3.3% and 3.7%, leading the energy index
** Oilfield service companies Baker Hughes (BKR.O) rose 2.5% and SLB (SLB.N) gained 2.6%
** Refiner Phillips 66 (PSX.N) rose 1.4%
(To assist non-English speakers, Reuters provides automated translations of its reports into several other languages. Since automated translations may contain errors or may not include required context, Reuters does not guarantee the accuracy of the translated texts, which are provided solely for readers' 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.
You may also like
Charles Schwab Expands Bitcoin Trading, Plans Three New Crypto Listings

Coca-Cola FEMSA Shares Rise After JPMorgan Upgrade

Bank of Canada: Inflation-growth tradeoff keeps policy on hold – RBC
