Energy Drops as Oil Plunges — Energy Roundup
Provided by
Dow Jones
Shares of energy companies fell sharply as traders bet Israel and Hamas would reach a ceasefire.
Oil futures fell by the largest increment since January, losing 3.6% to $79 a barrel.
The Energy Information Administration said stockpiles rose 7.3 million barrels for the week that ended April 26, the largest buildup for any week since February.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 01, 2024 17:35 ET (21:35 GMT)
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