Energy stocks rose on Thursday, tracking a partial recovery in oil prices, with Brent up 0.79% and WTI up 1.03% after a 2% drop Wednesday.
Optimism over potential U.S.-China tariff reductions lifted sentiment, though OPEC+ output hike fears and U.S.-Iran talks capped gains. Stock performances:
- TotalEnergies (TTE): +0.70%
- Marathon Petroleum (MPC): +0.98%
- Shell (SHEL): +0.59%
- Chevron (CVX): +0.93%
- BP (BP): +0.89%
- Equinor (EQNR): +0.35%
- Enbridge (ENB): +0.44%
- Imperial Oil (IMO): +0.86%
- Cenovus Energy (CVE): +1.67%
CVE led gains, likely buoyed by refining strength, while EQNR lagged amid European market caution.
Tariff uncertainty and demand concerns continue to influence the sector.
