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US energy stocks gain as oil tops $100 on supply fears

October 16, 2026 11:46 AM
Reuters


** S&P 500 energy index up 1.8%, tracking higher oil prices

** Brent crude futures up 2.9% at $109.02 a barrel, after hitting its highest since September 14

** US West Texas Intermediate crude rise 2.6% to $100.52 a barrel, crossing $100 for the first time since September 21

** Prices gainmore than 3%, heading for weekly gains on continued uncertainty over Middle East supplies, and as investors kept assessing how much diesel Russia could supply to the global markets

** Energy majors ExxonMobil up 1.9% and Chevron gains 2.2%

** EOG Resources, Diamondback Energy, ConocoPhillips and EQT Corp up between 3.3% and 3.7%, among the top percentage gainers on the energy index

** Oilfield services companies Baker Hughes up 2.5% and SLB gains 2.6%

** Refiner Phillips 66 up 1.4%

(Reporting by Sumit Saha in Bengaluru)

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