S&P GSCI PETROLEUM INDEX Shares of energy companies fell, but not by as much as the broad market, as traders rotated into sectors that would benefit from inflation.
Anglo-Dutch oil major Shell won its appeal against a 2021 landmark decision that said it was partially responsible for climate change and must sharply cut its carbon emissions, alleviating concerns that oil giants worldwide could face similar rulings.
Natural gas futures held onto the bulk of Monday's 10% rally as traders anticipated a wave of colder weather in the U.S.
Exxon Mobil Chief Executive Darren Woods said most U.S. oil producers are already operating at full capacity, adding that it was unlikely President-elect Donald Trump would "unleash" more production.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-12-24 1800ET
