Energy Down With Oil Futures on Trade Fears - Energy Roundup
Shares of energy companies fell alongside oil futures as traders braced for the collapse of U.S.-China trade negotiations. Chevron bowed out of the race to take over driller Anadarko Petroleum, conceding in a bidding war to rival Occidental Petroleum and opting to take a $1 billion termination fee from Anadarko. The number of oil-and-gas rigs active in the U.S. fell by 13 to 1071 in the week ended May 8, according to a tally from data firm S&P Global Platts.
-Rob Curran, firstname.lastname@example.org
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May 09, 2019 16:27 ET (20:27 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.