Shares of energy companies fell alongside oil futures.
Oil prices fell about 3% amid reports that Israel and Hezbollah were close to a ceasefire deal, diminishing risks of a broader Middle East war.
Oneok shares fell after the pipeline giant agreed to buy all of the outstanding publicly held units of Enlink Midstream for $4.3 billion in stock. Rivals such as Kinder Morgan fell as traders weighed the implied valuation of pipelines under the deal terms.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-25-24 1724ET