Shares of energy companies rose on the outlook for interest rates and oil demand.
The International Energy Agency boosted its forecast for 2024 oil demand by 100,000 barrels a day. Investors also anticipated a boost to demand from likely Federal Reserve rate cuts, made more likely by the muted June consumer-price inflation data.
Natural gas futures fell for the third straight session after inventory data and as energy-industry hub Houston slowly returned to business as usual in the wake of Hurricane Beryl.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-11-24 1755ET