Energy Stocks Higher on Signs Oil Price Stabilizing - Energy Roundup

Features Dow Jones Newswires

Shares of energy producers rebounded alongside oil futures amid signs the price would hold around $45-a-barrel after a long slide. The number of rigs drilling for oil in the U.S. rose by 6 to 747 in the past week, according to oil-field services company Baker Hughes. It continues a long, but relatively modest, increase in the rig count, which has offset the impact of OPEC's production limits on the global supply of oil.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

June 16, 2017 16:22 ET (20:22 GMT)