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Energy Down As Renewed Covid-19 Spread Threatens Oil Demand -- Energy Roundup

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10/16/2020 | 05:35pm EDT

Shares of energy companies fell as rising coronavirus case counts in the U.S. and Europe threatened oil demand.

A U.S. judge said bondholders have valid claims over Venezuela's prized oil refiner Citgo Petroleum, dealing a blow to the country's U.S.-backed opposition leaders and putting the company at heightened risk of a forced takeover.

The number of rigs drilling for oil in the U.S. rose by 12 in the latest week to 205, according to oil-field services firm Baker Hughes.

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

(END) Dow Jones Newswires

10-16-20 1634ET


Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES COMPANY 1.94% 14.17 Delayed Quote.-44.71%
LONDON BRENT OIL -1.77% 39.86 Delayed Quote.-37.71%
WTI -2.16% 38 Delayed Quote.-36.11%
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