Shares of energy companies rose as traders digested inventory data and the outlook for Middle East conflict.

Oil futures rose as traders weighed the growing risk of an Iranian attack on Israel. Senior U.S. officials are in Israel discussing a draft agreement to end the war in Lebanon.

Shares of Cheniere Energy rallied after the liquefied natural gas processor boosted projections for certain operating earnings tallies as steady long-term contracts make up for weak prices in the spot natural gas market.A recent survey featuring major Wall Street banks showed bearish expectations for oil prices this year and next.

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

(END) Dow Jones Newswires

10-31-24 1747ET