Energy Adds to Gains After Strong Economic Data -- Energy Roundup

Shares of energy companies added to recent gains after strong economic data spurred bets on rising demand.

Oil futures ticked down in New York trading, closing at $78.39 a barrel after the Energy Information Administration reported a buildup in supplies.

The number of active, oil-targeted rigs in the U.S. climbed by six rigs in the latest week to 467 rigs, the highest count in 19 months, according to the latest tally from oilfield services company Baker Hughes.

Natural gas futures added to recent gains, despite a reported increase in stockpiles, reflecting expectations for colder weather in the Northeast as December approaches.

Israeli officials are urging the White House not to strike a partial nuclear deal with Iran, warning it would be a gift to the new hard-line government in Tehran and stoking a growing public rift with the Biden administration over Iran's nuclear program.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

11-24-21 1631ET