Shares of energy companies rose after a well telegraphed move from the OPEC+ cartel.

The Organization of Petroleum Exporting Countries and its allies in the Russian sphere, the cartel now known as OPEC+, extended production caps at current levels until April.

The widely anticipated move hardly stirred oil markets, with oil futures closing around. Syrian rebels were poised to take control of the strategic city of Hama, dealing a serious blow to President Bashar al-Assad and raising the odds that the longtime dictator could be toppled.


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

(END) Dow Jones Newswires

12-05-24 1716ET