Energy firms rise following oil prices gaining

• March 24, 2025

** S&P 500 energy index SPN rises 1.5% as oil prices gain

** Oil prices climb after President Donald Trump says he will impose 25% tariff on countries that buy oil and gas from Venezuela, as well as due to new U.S. sanctions on Iranian exports

** Brent crude futures BRN1! up ~1.4% at $73.15 per barrel; U.S. West Texas Intermediate (WTI) crude CL1! rises ~1.5% to $69.32 per barrel

** Oil majors Chevron CVX and Exxon Mobil XOM up ~1% each

** Targa Resources TRGP gains 3.4%, EOG Resources EOG up 3.1%, Devon Energy DVN rises 2.8%, Halliburton HAL up 2.7%, Diamondback Energy FANG rises 1.8% - among top pct. gainers on energy index