** S&P 500 energy index .SPNY rises 1.7%, tracking a rise in oil prices O/R
** Brent crude futures LCOc1 up 2.5% at $66.59/barrel; U.S. West Texas Intermediate crude futures CLc1 up 2.8% at $63.66/barrel
** Oil prices were lifted by a temporary cut in U.S.-China tariffs and a better than expected inflation report
** U.S. and China agreed on sharp reductions to their import tariffs for at least 90 days, which also boosted the dollar and stocks on Wall Street
** Top oil and gas majors Exxon Mobil XOM.N and Chevron CVX.N each up ~1%
** Phillips 66 PSX.N, APA Corp APA.O, Valero Energy VLO.N and Marathon Petroleum MPC.N up between 3.4% and 5.9%; among the top percentage gainers on the energy index
** Oilfield services companies SLB SLB.N up 1.3% and Baker Hughes BKR.O up 1.5%
** Refiner HF Sinclair DINO.N up 3.9%
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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