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Stock impact report

Oil and gas stocks in broad rally; crude prices jump on reports of supply cuts [MarketWatch]

NEWFIELD EXPLORATION (NFX) 
Last newfield exploration earnings: 10/31 04:19 pm Check Earnings Report
US:NYSE Investor Relations: ir.newfield.com/presentations
Company Research Source: MarketWatch
Oil and gas stocks in broad rally; crude prices jump on reports of supply cuts Shares of oil and gas companies were broadly higher Wednesday, as reports of supply cuts and optimism on U.S.-China trade talks helped fuel a rally in crude oil prices . The energy sector was the best performing of the S&P 500's 11 key sectors, with the SPDR Energy Select Sector ETF XLE, +1.22% climbing 2.0% with all 30 equity components gaining ground. The biggest gainer was Newfield Exploration Co.'s stock NFX, +7.18% which ran up 4.5%. Among other more-active components, shares of Marathon Oil Corp. MRO, +1.49% advanced 2.5%, Kinder Morgan Inc. KMI, +1.14% rose 1.5%, Exxon Mobil Corp. XOM, +0.65% tacked on 1.2%, Schlumberger NV SLB, +1.34% climbed 2.3%, and Chevron Corp. CVX, +0.65% gained 1.3%. Meanwhile, crude oil futures CLH9, +1.92% ran up 2.0%. The energy ETF has hiked up 13.9% year to date, while the S&P 500 SPX, +0.20% has rallied 10.1%. Have breaking news sent to your Show less Read more
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