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

Thu, 27th Aug 2015 15:45

** U.S.-listed shares of oil and gas producers and servicesproviders rise on Thursday after oil prices rise as much as 7.6pct, helped by a rally in equity markets and an unexpected fallin 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 7.3pct $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 up14.5 pct at $2.53, Seventy Seven Energy Inc up 15.2 pctat $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, BPPlc 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 pctat $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 pctat $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

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