Shares of energy companies fell as traders rotated out of the sector in light of Federal Reserve rate fears.

Oil futures rose, with the risk of an Iranian attack on Israel leading prices for U.S. and global benchmark oil to touch their highest intraday levels in about six months.

The U.S.-traded oil contract slipped for the week, but touched $87.67 a barrel during the session, the highest intraday level for a front-month contract since October.

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(END) Dow Jones Newswires

04-12-24 1719ET