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Energy Rises As Ukraine War Risk Buoys Oil Futures - Energy Roundup

01/24/2022 | 04:21pm EDT

Shares of energy companies rose as the growing risk of war in Ukraine buoyed energy futures.

Oil futures fell slightly to $83.31 a barrel, but remained near multiyear highs because of concerns that a Russian invasion of Ukraine would crimp oil and natural-gas supplies.

NATO allies bolstered the alliance's eastern flank in response to Russia's military buildup around Ukraine, as the European Union set out plans for loans and grants for Kyiv worth more than $1.3 billion.

Separately, the U.S. military ordered several hundred U.S. troops on standby to potentially deploy to Eastern Europe, an escalation towards U.S. military involvement, U.S. officials said.

Shares of Halliburton rose after the oil-services giant boosted its dividend payout, reflecting improved earnings fortunes, and increased spending on oil infrastructure worldwide.


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

(END) Dow Jones Newswires

01-24-22 1621ET

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 2.62% 117.28 Delayed Quote.45.92%
S&P GSCI NATURAL GAS INDEX -1.09% 416.4716 Real-time Quote.141.10%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 6.19% 63.925 Delayed Quote.-24.77%
WTI 3.12% 114.245 Delayed Quote.46.73%
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