Energy Up With Oil Futures as Iranian Retaliation Awaited -- Energy Roundup

Shares of energy companies rose alongside oil futures as recession fears faded somewhat.

Weak jobs and manufacturing data last week spurred worries that the Federal Reserve would arrive too late to the rescue with its rate cuts.

Saudi state oil giant Aramco plans to pay $31.05 billion in dividends to the Saudi government and its shareholders despite logging a fall in second-quarter profit.

Oil futures rose modestly, with support attributed in part to fears that a potential retaliatory attack by Iran on Israel could spiral into a threat to crude supply from the Middle East.

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(END) Dow Jones Newswires

08-06-24 1742ET