BUZZ - Oil prices surge amid supply concerns, US energy stocks rise

October 30 - ** The S&P 500 Energy Index .SPNY rose 2.1%, tracking gains in crude oil prices O/R

** Brent crude oil futures LCOc1 climbed 2.4% to $113.44 per barrel, with monthly gains expected to exceed 13%

** U.S. West Texas Intermediate (WTI) crude futures CLc1 rose 2.1% to $104.18 per barrel, with monthly gains anticipated to reach around 15%

** Crude prices (link) rose as escalating U.S.-Iran tensions and a tanker attack in the Strait of Hormuz intensified market concerns over supply

** Energy giant Chevron CVX.N was up 1.7%

** Phillips 66 PSX.N gained 3.6%, Valero Energy VLO.N rose 3.4%; Marathon Petroleum MPC.N and Exxon Mobil XOM.N both climbed 2.8%, ranking among the top performers within the energy index

** In addition, surging refining margins boosted fuel production profits, leading both XOM and CVX to report third-quarter profits that beat expectations (link)

** Among oilfield services companies: Baker Hughes BKR.O rose 1.9%, and Halliburton HAL.N gained 1.1%

** For oil and gas producers: ConocoPhillips COP.N, Occidental Petroleum OXY.N, and Diamondback Energy FANG.O rose between 1.3% and 1.9%

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