March 16, 2016 / 3:04 PM / a year ago

BUZZ-Oil and gas companies up on hopes of output freeze

1 Min Read

** Oil and gas producers, service providers and drillers up after Brent rose as much as 3.5 pct to $40.11/bbl

** Oil prices rose on an announcement that producers will meet next month in Qatar to discuss a proposal to freeze output and on growing signs of a decline in U.S. crude production

** Oil producers: ConocoPhillips up 1.9 pct, W&T offshore Inc up 7.7 pct, Sanchez Energy Corp 7.5 pct, Bonanza Creek Energy Inc up 7 pct, Baytex Energy Corp 6.6 pct, Denbury Resources Inc 5.8 pct, EP Energy Corp 7.4 pct, Bill Barrett Corp 7.2 pct

** Service providers: Baker Hughes Inc 1.7 pct, EnLink Midstream Partners LP 5.9 pct

** Offshore drillers: Seadrill Ltd 3 pct, Diamond Offshore Drilling Inc 1.8 pct, Ensco Plc 3.7 pct

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