Energy Flat as Natural Gas Hits 19-Month Low -- Energy Roundup Inbox

Shares of energy companies were flat after natural gas futures slid to a 19-month low.

Oil futures advanced 8.3% for the week in New York, as expectations mounted that demand in China will soon rebound as a Covid-19 outbreak peaks.

Gas fell 7.8% to $3.42 a million British thermal units for the week, as mild weather conditions reduced demand.

Oil major ConocoPhillips is weighing a deal to sell Venezuela's oil in the U.S. as a way to recover the close to $10 billion it is owed by the South American nation after the nationalization of its oil industry in 2007, The Wall Street Journal reported.

 Write to Rob Curran at [e-mail] 

(END) Dow Jones Newswires

01-13-23 1731ET