Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Energy Shares Rise as Oil Prices Finish Higher -- Energy Roundup

06/10/2021 | 04:43pm EDT

Energy shares rose as U.S. benchmark oil prices finished higher.

Fueling the price increases were an OPEC report in which the producers group reiterated its expectations for oil demand recovery to accelerate, as well as a report showing U.S. inflation jumped 5% year-over-year in May, the most since 2008. Oil prices temporarily dipped mid-session on reports suggesting the U.S. may soon lift some of Iran's oil sanctions. The reports were later walked back somewhat, but gave investors a reminder that the Iran issue is important for crude prices.

Natural gas prices finished higher for a third straight session. Hot weather in Texas and other central and southern states is giving a strong boost to pre-summer cooling demand, while a weekly EIA report came in slightly-below forecasts, and both of those issues led to increased buying of the commodity.

 Write to Amy Pessetto at amy.pessetto@dowjones.com 

(END) Dow Jones Newswires

06-10-21 1642ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.95% 34196.82 Delayed Quote.10.68%
LONDON BRENT OIL 0.36% 75.54 Delayed Quote.44.55%
S&P GSCI NATURAL GAS INDEX 2.81% 160.9233 Delayed Quote.32.02%
WTI 0.23% 73.317 Delayed Quote.51.13%
Latest news "Economy & Forex"
05:42pUtilities Tick Down As Traders Rotate Out Of Defensive Sector -- Utilities Roundup
DJ
05:41pCommunications Services Up On Deal Activity -- Communications Services Roundup
DJ
05:40pTech Up On Rotation Into Growth Sectors -- Tech Roundup
DJ
05:39pFinancials Up After Infrastructure Compromise -- Financials Roundup
DJ
05:37pBrazil's national monetary council sets 2024 inflation target at 3.00%
RE
05:37pBrazil's national monetary council keeps 2022 and 2023 inflation targets at 3.50% and 3.25%, respectively
RE
05:36pChina's DiDi to list on New York Stock Exchange
RE
05:34pConsumer Cos Climb After Infrastructure Deal -- Consumer Roundup
DJ
05:34pThe WSJ Dollar Index Falls 0.07% to 86.59 -- Data Talk
DJ
05:34pEuro Gains 0.03% to $1.1931 -- Data Talk
DJ
Latest news "Economy & Forex"