Consumer Cos Down on Energy Cost Concerns — Consumer Roundup
Consumer companies declined amid fears that consumers will be further squeezed by energy costs.
Diesel and gasoline prices had retreated from recent highs in the U.S., but a resurgence in oil futures Friday could foreshadow another spike in prices at the pump.
One catalyst for the rebound in oil futures was the surprisingly large drawdowns in U.S. fuel supplies reported earlier this week. The shortfall was even more pronounced on the East Coast, where inventories were more than 22% lower than a year earlier.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 16, 2026 17:50 ET (21:50 GMT)
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