Record for energy shares

The S&P 500 energy index hit a record high on Friday, last up 1.4 per cent, tracking higher crude prices amid fears of escalation in the US-Iran conflict and the Hormuz tanker attack.

Crude levels behind the move

Brent futures were up 2.2 per cent at $117.41 a barrel, on course for a monthly gain of over 13 per cent, while US WTI climbed 2.04 per cent to $104.80, heading for a monthly jump of about 15 per cent.

Winners within the index

Phillips 66, Valero Energy, Marathon Petroleum and Diamondback Energy gained between 2.2 and 2.7 per cent among the top gainers. ExxonMobil rose 1.4 per cent and Chevron 1.9 per cent, with Baker Hughes up about 2 per cent and Halliburton up 1.4 per cent.

Sources: BOE Report (Reuters wire) | OilPrice