Energy Down with Oil Futures

Dow Jones

7小时前

Shares of energy companies fell sharply alongside oil futures.

Oil dropped by more than 3% in New York, giving back a small part of recent gains related to the escalation of conflict in the Middle East, which has put major constraints on Saudi Arabian export capacity.

Billionaire oil baron Harold Hamm's Continental Resources signed a tentative agreement to venture into Venezuela to explore one of the South American nation's undeveloped heavy-oil fields.

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