BUZZ-U.S. energy shares fall as crude drops, virus variants stoke demand fears

U.S.-listed energy shares fall, mirroring weakness in oil prices

  

** U.S.-listed energy shares fall, mirroring weakness in oil prices as rising novel coronavirus cases dent hopes of strong energy demand

** The cases continued to rise over the weekend in some key countries such as top crude importer China, fueling fears of weaker oil demand

** West Texas Intermediate futures slip 1.4% to $71.03

** Oil majors ExxonMobil Corp and Chevron Corp each drop 1.3% premarket

** Diamondback Energy Inc drops 1.6%, while Apache Corp dips 1.2%

** Marathon Oil Corp falls 0.9%, Devon Energy Corp drops 1.2%, oil producer Callon Petroleum Co  sheds 3.5%

** Shale-focused player Occidental Petroleum Corp dips ~0.8%

** Globally, oil equities have broadly benefited as crude oil has added more than 42% YTD

(Reporting by Aaron Saldanha in Bengaluru) ((Aaron.Saldanha@thomsonreuters.com; +91 80 6182 2844))


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