BUZZ-Energy firms fall as traders digest Trump tariff reprieve

Reuters01-21
BUZZ-Energy firms fall as traders digest Trump tariff reprieve

Updates

** S&P 500 energy index .SPNY falls 0.9% as oil prices edge lower

** Brent crude futures LCOc1 down 1.4% at $79.07 a barrel; U.S. West Texas Intermediate $(WTI)$ crude CLc1 falls 2.2% to $76.19 a barrel

** Oil prices fell as investors assessed U.S. President Donald Trump's plans to apply new tariffs later than expected while boosting oil and gas production in the United States

** Oil majors Exxon Mobil XOM.N and Chevron CVX.N down 0.7% and 1.8%, respectively

** APA APA.O, Occidental OXY.N and Devon Energy DVN.N down between 2.7% and 3.4%, among top pct. losers on the energy index

** Top oilfield services company Baker Hughes BKR.O and Halliburton HAL.N down 0.8% and 0.5%, respectively

(Reporting by Arunima Kumar in Bengaluru)

((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;))

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