Shares of energy companies rose slightly, despite a selloff for oil, amid signs that the Trump administration will put pressure on Saudi Arabia and others to increase output.
In a video call to a conference of business executives in Davos, Switzerland, President Trump called upon the Organization of the Petroleum Exporting Countries to bring down the price of oil, alleging the cartel's production policy has enabled the Russian war in Ukraine. Oil futures closed at a two-week low.
Natural gas futures hovered near multi year highs after a softer-than-anticipated stockpile report.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-23-25 1806ET