Shares of energy companies ticked down as traders hedged their bets on the outlook for oil demand.

The Organization of the Petroleum Exporting Countries maintained a bullish projection for oil-demand growth after setting out a plan to gradually unwind some of its production cuts.

Oil futures slipped amid skepticism that global demand will be strong enough to absorb the extra supplies. Natural-gas futures jumped more than 4%, lifted by weather forecasts calling for above-average heat across much of the U.S.

Write to Rob Curran at

(END) Dow Jones Newswires

06-11-24 1809ET