Energy Up After Central Bank Moves -- Energy Roundup

Shares of energy companies rose as traders bet the sector would benefit from looser monetary policy at major central banks worldwide.

The Swiss National Bank became the first major currency issuer to cut rates. The Federal Reserve also stuck to its target of three, quarter-point, rate cuts, alleviating fears that a recent up-tick in U.S. inflation would change its preferred course of action.

Gasoline refiners continued their recent run, with Phillips 66 and Valero finishing at record highs. Oil futures slipped, but remained near their highs of the year, above $81 a barrel.

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(END) Dow Jones Newswires

03-21-24 1744ET