Energy Shares Rise as Oil’s November Slide Pauses

Oil futures edged higher in New York after a steep monthly decline paused, lifting shares of energy companies. Prices gained 0.6% to $86.53 a barrel, but remained down 17% so far in November as traders watched for developments in Iran and the Strait of Hormuz.

Today, 01:33· Money Talk· 433 reads

Energy Shares Rise as Oil’s November Slide Pauses

Traders are awaiting signs that the U.S. will exit what the source describes as an unpopular war in Iran, as well as the reopening of the Strait of Hormuz.

Natural-gas futures moved lower, ending a three-session winning streak. Traders pared back bets on how a cold-weather spell in the U.S. could affect demand.

Energy Shares Rise as Oil’s November Slide Pauses

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