Shares of energy companies fell sharply as oil futures continued their recent retreat.

Oil futures fell 1.6% to a three-week low of $67.20 a barrel on the New York Mercantile Exchange.

The widely anticipated OPEC+ decision to extend production caps recalled the market adage "buy the rumor, sell the news."


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

12-06-24 1741ET