Shares of energy companies was more or less flat as oil futures fell ahead of an OPEC+ meeting in Vienna. The cartel is almost certain to increase production caps.
The price of oil has been under pressure as the shock of the brief Israeli-Iran war wears off.
President Trump spoke with Russian President Vladimir Putin over the phone on Thursday, in the two leaders' first conversation since the U.S. paused a series of weapons shipments for Ukraine, but Putin reportedly vowed to keep fighting in Ukraine.
Natural gas futures fell after a surprisingly large buildup in U.S. stockpiles.
The tax-and-spending bill that passed Congress will expand drilling opportunities for oil-and-gas companies and cut royalty expenses, said analysts at brokerage Jefferies.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
July 03, 2025 17:11 ET (21:11 GMT)
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