Energy Up as Middle East Tensions Persist -- Energy Roundup

05/16/19 04:23 PM EDT

Shares of energy companies rose as tensions remained high in the Middle East. Iran-allied Houthi rebels in Yemen fighting a Saudi-backed coalition claimed responsibility for an attack earlier this week on a major oil pipeline in Saudi Arabia. In an apparent counterattack Thursday, Saudi-led coalition warplanes bombed areas held by the Iran-allied rebels in Yemen on Thursday. A survey showed that total oil-and-natural-gas rigs active in the U.S. for the week ended May 15 declined by 6 to 1065, according to research firm S&P Global Platts Analytics.


-Rob Curran,

(END) Dow Jones Newswires

May 16, 2019 16:23 ET (20:23 GMT)

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