Shares of energy companies rose after the U.S. and U.K. military struck Houthi rebels in Yemen, in retaliation for attacks on shipping traffic in the Red Sea.
The incursions raised concerns about the escalation of conflict in the Middle East, which is already disrupting the movement of oil and gas worldwide.
Oil futures settled at their highest in a week. The number of rigs drilling for oil in the U.S. fell by two this week to 499, and is down by 124 from a year ago, oil services company Baker Hughes reported.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-12-24 1806ET
