BUZZ-US energy firms down on concerns about Trump's push for tariffs

Reuters
26 Feb
BUZZ-US energy firms down on concerns about Trump's push for tariffs

** S&P 500 energy index .SPNY down 2.2%, as oil prices fall more than 2% to a two-month low O/R

** Brent crude futures LCOc1 down 2.6% to $72.80/barrel and U.S. West Texas Intermediate crude CLc1 falls 2.7% to $68.82/barrel

** Oil prices fell after lower-than-expected U.S. consumer confidence index data and on negative economic news from the U.S. and Germany, driven in part by concerns about U.S. President Donald Trump's push for trade tariffs

** Oil majors Chevron CVX.N and Exxon Mobil XOM.N down 1.2% and 1.9%, respectively

** EQT Corp EQT.N, Williams Companies WMB.N, Targa Resources TRGP.N and ONEOK OKE.N down between 3% and 4.1%; among top percentage losers on the energy index

** Oilfield services firms Baker Hughes BKR.O and SLB SLB.N down 1.1% and 1.2%, respectively

** Refiners PBF Energy PBF.N and Marathon Petroleum MPC.N down 1.9% and 1.5%, respectively

(Reporting by Katha Kalia)

((katha.kalia@thomsonreuters.com))

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