Energy Up on Anticipation of Prolonged Price Spike - Energy Roundup
Shares of energy companies rose as traders bet commodities prices would remain elevated for the foreseeable future, despite improved Middle East export levels and diplomatic overtures in Russia.
Oil futures closed above $97 a barrel in New York. Oil flows have reportedly recovered to prewar levels in the Strait of Hormuz, but traders questioned whether the cost of shipping crude through the risky waters was sustainable.
Diesel futures fell by 3.3%, their biggest loss since September.
Diplomatic moves suggest President Donald Trump and Russian President Vladimir Putin are seeking to reopen negotiations on an end to the Ukraine War.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 21, 2026 17:39 ET (21:39 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy for the Long-Term While They’re Still Undervalued
Are TIPS ETFs the Best Way to Fight Inflation?
What’s Ahead for Stocks This Quarter—and Where to Invest
6 ETFs To Diversify Away From AI
