Shares of energy companies rose after a U.S. oil inventory report showed a drop in stockpiles.
Prices continued to trade higher after the Energy Information Administration reported an unexpected weekly decline in U.S. commercial crude supplies, along with increases in petroleum product inventories.
The Paris-based International Energy Agency projected growth in oil demand to ease to 1.2 million barrels a day in 2024 from 2.3 million barrels a day last year.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-18-24 1753ET
