Shares of oil and gas-related companies are trading lower amid crude price declines after reports suggesting that President Trump may meet with Iranian President Pezeshkian in New York. Also, reports suggest Trump declined to attack Yemen's Houthi rebels on behalf of Saudi Arabia, which may be seen as a de-escalation.

Shares of oil and gas related-companies are lower following reports suggesting that Saudi Arabia is attempting to restore crude oil exports quickly through pipeline repairs and ship-to-ship transfers. Also, API and EIA data indicated weekly U.S. crude and distillate inventory growth, further pressuring the oil price.

Evercore ISI Group Reiterates Developing on BP, Maintains $52 Price Target

Evercore ISI Group analyst Stephen Richardson reiterates BP (NYSE:BP) with a Developing and maintains $52 price target.

Saipem Lands $350M Contract for West Hub Tails Project in Angola

Saipem has won a $350 million subsea contract for Azule Energy's West Hub Tails project offshore Angola. The work includes engineering, fabrication, and installation of 62 km of flowlines, risers, and umbilicals tied to the Agogo FPSO. The project will extend the productive life of four mature fields by rerouting production from the aging Ngoma FPSO to the newer Agogo FPSO over approximately 2.5 years.

Shares of oil and gas companies are trading higher amid a rise in crude after reports suggesting that Saudi Aramco deferred and cancelled some September crude cargoes meant for European refiners after the closure of its East-West pipeline to the Red Sea. Also, ongoing Saudi strikes on Yemen's Houthi rebels and a tight global diesel market are helping to support crude prices.

Oil Prices Are Climbing, Yet These 3 Energy Stocks Yield 3%+

Oil prices have climbed to three-month highs due to Middle East tensions and disrupted Gulf crude flows. For investors seeking energy exposure without relying solely on oil price appreciation, dividend-paying energy stocks like Kinder Morgan, Chevron, and Canadian Natural Resources offer recurring income and diversified cash flows with yields above 3%.

Nasdaq 100 Rallies, Intel Soars 14%: Stock Market Today

A fourth straight decline in crude oil handed Wall Street a fresh leg higher Monday, with the Nasdaq 100 jumping to a three-month high as semiconductors led the tape. Intel surged nearly 14% on SK Hynix foundry optimism while AMD crossed the $1 trillion mark. Energy was the lone sector in the red as WTI slid more than 5% to an 11-day low