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Energy Up On Brexit Optimism -- Energy Roundup

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10/21/2019 | 04:27pm EST

Shares of energy companies rose amid optimism that the United Kingdom and European Union would avoid the disruption of a "hard Brexit." Pessimism about Brexit and trade talks has reined in economically sensitive markets such as oil-and-natural gas in recent weeks.

Data from the Commodity Futures Trading Commission indicate that bets on rising U.S. oil prices have hit a nine-month low, underscoring investors' concerns that economic growth will slow, crimping demand.

Exxon Mobil and New York's attorney general are headed for a showdown this week over accusations the company deceived investors, a rare trial over how the oil industry accounts for the impact of climate change.

Write to Rob Curran at rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRITISH POUND (EUR/GBP) 0.07% 0.856 Delayed Quote.-4.75%
EXXON MOBIL CORPORATION -0.44% 68.5 Delayed Quote.0.45%
LONDON BRENT OIL -0.21% 62.24 Delayed Quote.14.46%
WTI -0.21% 56.79 Delayed Quote.24.67%
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