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Energy Down With Oil Futures On Economic Stimulus Hedging -- Energy Roundup

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08/06/2020 | 05:10pm EDT

Shares of energy companies fell alongside oil futures amid doubts that negotiations on another round of U.S. economic stimulus would yield compromise.

President Donald Trump said he would issue executive orders on tax cuts and jobless benefits if Democratic legislators and representatives of his administration could not reach a deal.

Saudi Aramco slashed the price at which it will sell crude oil to several markets in September, including the key Asian market, ending a three-month streak of increasing prices to the Asian market.

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

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.56% 43.44 Delayed Quote.-35.92%
SAUDI ARABIAN OIL COMPANY 1.10% 36.65 End-of-day quote.3.97%
WTI 0.53% 41.062 Delayed Quote.-33.38%
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