Shares of energy companies rose ahead of earnings in the sector.
Oil futures rose and are now up about 5% for the year to date. Murphy Oil rose ahead of its earnings report.
Integrated oil giants including Exxon Mobil and Chevron are set to report earnings next week. Some private-equity firms are pressing forward with investments in natural gas, betting that sustained demand for the fuel will trump opposition to expanding fossil-fuel infrastructure, The Wall Street Journal reported.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-24-24 1809ET