Energy Stocks Rise Premarket as Crude Prices Extend Gains

MT Newswires Live

03/06

Oil and gas stocks advanced in premarket activity Friday as crude prices extended gains amid the continued fighting in the Middle East.

Brent crude futures climbed above $88 a barrel, marking a gain of more than 21% over the past week.

The US Treasury on Thursday issued a waiver allowing India to purchase Russian oil that had been stranded at sea and allowed transactions with the German branch of Russia's state-owned Rosneft, multiple media outlets reported.

Shares of Exxon Mobil (XOM), BP (BP) and Chevron (CVX) rose more than 1% in premarket activity, while ConocoPhillips (COP) gained more than 2%. Shell (SHEL), Eni (E) and TotalEnergies (TTE) were each up less than 1%.

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Shell (SHEL), Eni (E) and TotalEnergies (TTE) were each up less than 1%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0256863811.USD","symbol_name":"ALLIANZ US EQUITY \"A\" INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2617638383","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2617638383","pubTimestamp":1772802798,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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