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Energy Up After Weak April Jobs Report Quells Fed Fears -- Energy Roundup

05/07/2021 | 04:33pm EDT

Shares of energy companies rallied as investors bet that a weak April jobs report would discourage the Federal Reserve from removing stimulus.

The U.S. added 266,000 jobs to payrolls in April, short of economists' expectations for roughly one million new jobs, according to the Labor Department.

Oil futures ticked up, closing just below $65 a barrel and up 2% on the week amid optimism about the summer driving season.

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

(END) Dow Jones Newswires

05-07-21 1632ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.53% 0.7706 Delayed Quote.0.69%
BRITISH POUND / US DOLLAR (GBP/USD) -0.45% 1.41056 Delayed Quote.3.63%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.00% 0.8222 Delayed Quote.5.28%
DJ INDUSTRIAL 0.04% 34479.6 Delayed Quote.12.61%
EURO / US DOLLAR (EUR/USD) -0.53% 1.2108 Delayed Quote.-0.34%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.00% 0.013654 Delayed Quote.-0.09%
LONDON BRENT OIL 0.33% 72.6 Delayed Quote.40.00%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.89% 0.7125 Delayed Quote.0.11%
WTI 0.93% 70.787 Delayed Quote.45.60%
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