Shares of energy companies were flat as commodity prices declined due to the Organization of the Petroleum Exporting Countries demand forecast and rate fears.
U.S.-traded oil futures slipped after OPEC kept its demand forecast unchanged. Natural gas futures slipped as traders bet mild weather would weigh on demand.
Stronger-than-anticipated wholesale inflation data spurred fears that the Federal Reserve may delay rate cuts.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-14-24 1750ET