WTI crude oil is up more than 1.7% at $93.40, while Brent crude is up about 1.3% at $112.53. Big oil producers are getting a pre-open boost as well, with Chevron Corp. (NYSE: CVX) up 2%, Exxon Mobil Corp. (NYSE: XOM) up 1.7%, ConocoPhillips (NYSE: COP) up 2.3% and BP PLC (NYSE: BP) up 1.5%.
Refiners are joining the party as well. Valero Energy Corp. (NYSE: VLO) is up 2.4%, Philllips 66 (NYSE: PSX) is up 2.1%, Marathon Petroleum Corp. (NYSE: MPC) is up 2.4% and Tesoro Corp. (NYSE: TSO) is up 2.8%.
Services firms like Baker Hughes Inc. (NYSE: BHI), Halliburton Co. (NYSE: HAL) and Schlumberger Ltd. (NYSE: SLB) are all up about 2%, and drilling firms Transocean Ltd. (NYSE: RIG) and Seadrill Ltd. (NYSE: SDRL) are also up more than 2%.
Natural gas producer Chesapeake Energy Corp. (NYSE: CHK) is up about 2% even though natural gas is trading down about 0.7% at $3.33 per thousand cubic feet.
Paul Ausick
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.