Energy companies advance on weaker US dollar and strong oil demand – 01/06/2025 at 4:17 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

January 6 – **S&P 500 Energy Index .SPNY rises 1.1% as oil prices remain at their highest level since mid-October O/R

** Brent futures LCOc1 up 1% to $77.27/barrel; West Texas Intermediate futures CLc1 up 1.1% to $74.78/barrel

** Oil prices are rising as colder weather boosted buying, while a weaker U.S. dollar and expectations of tougher sanctions on Iranian and Russian oil exports provided further support

** Shares of major oil and gas companies Chevron CVX.N and Exxon Mobil XOM.N rose 1.6% and 1.7%, respectively

** APA Corp APA.O up 2.7%, Coterra Energy CTRA.N up 2.2% and Occidental Petroleum OXY.N up 2.1%; among the main pct. gain on the energy index

** Oil services companies SLB SLB.N and Halliburton HAL.N increase by 1.7% and 2% respectively

** Refiners PBF Energy PBF.N up 1.5% and Par Pacific Holdings PARR.N up 2.5%