** S&P 500 energy index .SPNY rises 1.3% as oil prices edge higher O/L

** Brent crude LCOc1 rise 0.13% at $62.97/barrel and U.S. West Texas Intermediate $(WTI)$ crude futures CLc1 1% at $59.24/barrel

** Oil prices rise while drawn-out Russia-Ukraine peace talks kept geopolitical risks elevated and traders keep one eye on the outcome of an OPEC+ meeting on Sunday for clues about potential output changes

** Oil majors Exxon Mobil XOM.N up marginally and Chevron CVX.N rises 1%

** Devon Energy DVN.N, EQT Corp EQT.N, Expand Energy EXE.O and Marathon Petroleum MPC.N rise between 2.4% and 1.8%; among biggest percent gainers on the index

** Refiner Phillips 66 PSX.N up 1.5%

** Oilfield services company Halliburton HAL.N climbs 1.9% and Baker Hughes BKR.O rises 1.1%

(Reporting by Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com;))