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Energy Down Sharply With Oil Futures On Growth Doubts -- Energy Roundup

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10/01/2020 | 05:52pm EDT

Shares of energy companies fell alongside oil futures amid skepticism about the outlook for the global economic recovery.

A group of 10 investment banks polled by The Wall Street Journal forecast that oil futures wouldn't return to the pre-coronavirus levels until late next year, citing the devastating impact on the airline business from the Covid-19 pandemic.

Federal Reserve officials have repeatedly warned that the U.S. economic recovery would be jeopardized by a failure to issue a second round of fiscal stimulus, but the White House and Democratic leadership are still "far apart" in negotiations on the proposed second relief package, according to House Speaker Nancy Pelosi.

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

(END) Dow Jones Newswires

10-01-20 1652ET


Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.53% 37.86 Delayed Quote.-43.09%
WTI -1.29% 35.72 Delayed Quote.-41.06%
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