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Delayed Quote. Delayed  - 06/21 10:07:56 am
65.12 USD   -0.63%
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Hess : Energy Down as Oil Futures Hit Three-Week Low -- Energy Roundup

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03/08/2018 | 10:29pm CEST

Shares of oil and gas companies fell alongside oil futures, which closed at three-week lows around the psychologically significant $60-a-barrel level. Sentiment in the oil pits changed this week as inventory data showed a buildup in stockpiles and Trump administration rhetoric about a trade war raised questions about global shipments in the long term. Oil producer Hess said it would buy back an additional $1 billion in shares, avoiding a proxy fight with activist hedge fund Elliott Management, which had threatened to oust the company's chief executive.

-Rob Curran, [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
HESS CORPORATION 2.02% 62.64 Delayed Quote.31.96%
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