Energy Up as Saudi Official Comments Buoys Oil Price -- Energy Roundup

Features Dow Jones Newswires

Shares of energy producers rose as comments from a Saudi official helped oil futures recoup some of their recent losses. Oil prices skidded last week after inventory data showed an unexpected increase in the amount of oil in storage.

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On Monday, Saudi Energy Minister Khalid al-Falih said he is "fairly confident that the market rebalancing, which is already under way, will accelerate."

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

June 12, 2017 16:14 ET (20:14 GMT)