Energy Up as Oil Recoups Some Losses -- Energy Roundup

Shares of energy companies rallied as oil futures recouped some of their recent losses.

Oil futures rebounded above $69 a barrel after closing at a two-week low on Wednesday. An oil rally has stalled around the $70-per-barrel milestone as traders try to assess the extent of a demand impact from the Delta variant of Covid-19.

Exxon Mobil, which has long resisted calls to move away from fossil fuels, is considering a pledge to reduce its net carbon emissions to zero by 2050, The Wall Street Journal reported, in what would amount to a significant strategic shift for the largest U.S. oil company.

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(END) Dow Jones Newswires

08-05-21 1658ET