Shares of energy companies rose alongside energy prices as a delay in tariffs on Chinese imports sparked hope that the U.S. and China would reach a ceasefire in the trade battle.
Natural-gas prices rose as large swaths of Texas and the U.S. South saw temperatures above 100 degrees Fahrenheit, keeping air-conditioners humming and creating natural-gas usage at utilities.
Reliance Industries surged, adding 760 billion rupees (nearly $11 billion) to its market capitalization after Monday's report that Saudi Aramco was planning to take a 20% stake in the Indian conglomerate's oil-and-chemicals business.
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(END) Dow Jones Newswires
August 13, 2019 16:17 ET (20:17 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.