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Energy Up On Brexit Optimism — Energy Roundup

Shares of energy companies rose amid optimism that the United Kingdom and European Union would avoid the disruption of a "hard Brexit." Pessimism about Brexit and trade talks has reined in economically sensitive markets such as oil-and-natural gas in recent weeks.

Data from the Commodity Futures Trading Commission indicate that bets on rising U.S. oil prices have hit a nine-month low, underscoring investors' concerns that economic growth will slow, crimping demand.

Exxon Mobil and New York's attorney general are headed for a showdown this week over accusations the company deceived investors, a rare trial over how the oil industry accounts for the impact of climate change.

Write to Rob Curran at rob.curran@dowjones.com

 

(END) Dow Jones Newswires

October 21, 2019 16:26 ET (20:26 GMT)

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