Shares of energy companies fell, giving back some recent gains, as investors rotated back into the technology sector amid ongoing volatility.
Oil futures were one of the few asset classes gaining in value this week, as a spike in Treasury yields stoked inflation worries. During periods of inflation, the price of oil has typically been one of the first things to rise.
The number of rigs drilling for oil in the U.S. rose by four in the latest week to a nearly nine-month-high 309 rigs, according to oilfield services company Baker Hughes.
Saudi Arabia's Crown Prince Muhammad Bin Salman approved an operation to capture or kill Saudi journalist Jamal Khashoggi, according to a U.S. Intelligence report.
Natural gas futures fell for the seventh straight session as the winter storms that wreaked havoc on energy markets in Texas gave way to warmer-than-usual weather in most of the country.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-26-21 1649ET
