BUZZ-Oil and gas producers, services providers: Oil prices rise 7 pct

Thu Aug 27, 2015 11:45am EDT
 
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** U.S.-listed shares of oil and gas producers and services providers rise on Thursday after oil prices rise as much as 7.6 pct, helped by a rally in equity markets and an unexpected fall in U.S. crude inventories

** Brent up at $46.32 a barrel by 11.10 a.m ET, having hit an intraday high of $46.40; U.S. crude up 7.3 pct $41.43 a barrel

** Biggest gainers include: Basic Energy Services Inc up 16 pct at $3.99, Midstates Petroleum Company Inc up 20 pct at $2.16, Whiting Petroleum Corp up 14.5 pct at $2.53, Seventy Seven Energy Inc up 15.2 pct at $2.54, Linn Energy LLC up 19 pct at $2.52

** Big players rise: Royal Dutch Shell Plc shares up 4 pct at $51.50, Total SA up 5.8 pct at $45.12, BP Plc up 5 pct at $32.67, Exxon Mobil up 2.5 pct at $74.31, Chevron Corp up 5.3 pct at $76.94, Petrobras up 10.4 pct at $5.61, ConocoPhillips up 6.4 pct at $46.18

** Oilfield services companies also up: Schlumberger Ltd up 4 pct at $72.95, Halliburton Co up 7.8 pct at $37.12, Baker Hughes Inc up 6.8 pct at $52.58, National-Oilwell Varco Inc up 5.7 at $41.29

** Contract drillers rise: Transocean Ltd up 6 pct at $12.30, Helmerich & Payne Inc up 6 pct at $54.61, Nabors Industries Ltd up 11 pct at $10.67, Rowan Co Plc up 6 pct at $16.36, Ensco Plc up6 pct at $16.37