Energy Down as Oil Futures Hit Three-Week Low -- Energy Roundup
Shares of oil and gas companies fell alongside oil futures, which closed at three-week lows around the psychologically significant $60-a-barrel level. Sentiment in the oil pits changed this week as inventory data showed a buildup in stockpiles and Trump administration rhetoric about a trade war raised questions about global shipments in the long term. Oil producer Hess said it would buy back an additional $1 billion in shares, avoiding a proxy fight with activist hedge fund Elliott Management, which had threatened to oust the company's chief executive.
-Rob Curran, email@example.com
(END) Dow Jones Newswires
March 08, 2018 16:28 ET (21:28 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.