Energy Rises As Saudi Hikes Export Prices - Energy Roundup

Shares of energy companies climbed alongside oil futures.

Oil prices rose by more than 1% in the U.S. to top $82 a barrel after Saudi Arabia officially raised prices on its exports.

Natural gas futures fell to $5.43-per-million British thermal units as mild weather in the late fall was seen as reducing the chances of supply shortages in the U.S. this winter.

Australia's Senex Energy will recommend shareholders accept an improved offer from South Korean steelmaker Posco International of roughly $630 million.

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(END) Dow Jones Newswires

11-08-21 1627ET