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Energy Up Ahead of Jobs Data; Shell Declines -- Energy Roundup

10/06/2022 | 05:26pm EST

Shares of energy companies rose ahead of jobs data as oil futures continued their advance.

Shell declined after the integrated oil giant warned third-quarter earnings would take a hit from refining margins and "significantly lower" profit from trading natural gas, amid historic volatility. Some other global oil majors such as BP fell in sympathy.

President Biden is exploring a response to the decision by the Organization of the Petroleum Exporting Countries and its Russia-led allies to cut oil production.

The blasts that damaged the Nord Stream natural-gas pipelines linking Russia to Europe were likely deliberate, Swedish investigators said.


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

(END) Dow Jones Newswires

10-06-22 1725ET

Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL 0.44% 81.67 Delayed Quote.-7.24%
S&P GSCI NATURAL GAS INDEX 1.96% 117.3893 Real-time Quote.-46.15%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.06% 71.5206 Delayed Quote.-2.01%
WTI 0.09% 74.775 Delayed Quote.-8.79%
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