Energy Pulls Back as Political Fears Ease -- Energy Roundup

Energy stocks eased as oil prices took a step back from last week's war-driven rally.

"Israel has agreed to remove ground troops from the southern areas of Gaza which has also eased some tensions," BOK Financial said in a report. "Still, the growing demand picture remains a tailwind for crude."

Exxon Mobil shares lost 0.7%, following Friday's surge to a new high. The front-month contract for Nymex crude slipped 0.6% to settle at $86.43 a barrel.

Write to Paulo Trevisani at [e-mail]

(END) Dow Jones Newswires

04-08-24 1706ET