BUZZ-Oil companies fall ahead of Trump-Zelenskiy meeting

Reuters
Aug 18
BUZZ-Oil companies fall ahead of Trump-Zelenskiy meeting

** S&P 500 Energy index .SPNY down 0.8%, tracking a dip in crude prices O/R

** Brent Crude LCOc1 down 0.7% at $65.38/barrel and U.S. West Texas Intermediate crude futures CLc1 fall 0.8% to $62.28/barrel

** Investors await talks between the U.S. and Ukrainian presidents after an inconclusive U.S.-Russia summit in Alaska

** Market is watching for clues on potential ramifications for global oil supply, with potential for either a tightening of sanctions or steps toward reconciliation

** Energy majors: Chevron CVX.N down 1.1% and Exxon Mobil XOM.N falls marginally

** EQT Corp EQT.N, Coterra Energy CTRA.N, Diamondback Energy FANG.O and Expand Energy EXE.O decline between 1.9% and 5.6%; among the biggest percentage losers among the energy index

(Reporting by Sumit Saha in Bengaluru)

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

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