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
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