Shares of energy companies rose slightly amid renewed hopes for fiscal stimulus in the U.S.
Oil futures ticked down, however, as investors grew nervous about negotiations between members of the Organization of Petroleum Exporting Countries and a Russian-led energy bloc over production targets.
"The lack of progress from [the] OPEC+ meetings is shaking the confidence of traders, since everyone had assumed that this week's meeting was just a formality and that the extension of production cuts was a foregone conclusion," said Manish Raj, chief financial officer at Velandera Energy, as reported earlier.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-01-20 1631ET
