Energy Shares Up as Traders Bet OPEC Reaction Overdone - Energy Roundup

Features Dow Jones Newswires

Shares of energy producers ticked up as traders bet a 5% drop in the wake of OPEC's disclosure on its production deal Thursday was a knee-jerk reaction. The number of oil rigs drilling in the U.S. rose by two to 722, according to Baker Hughes, underscoring one of the worries for oil traders -- an increase in production on U.S. shale oilfields, which could offset the international producers' cuts.

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A second deadly accident in Colorado involving Anadarko Petroleum is spurring criticism of the company's oil and gas operations in the state.

(-By Rob Curran, rob.curran@dowjones.com)

(END) Dow Jones Newswires

May 26, 2017 16:21 ET (20:21 GMT)