Energy Higher as Saudi Stance Encourages Oil Bulls -- Energy Roundup

Features Dow Jones Newswires

Shares of energy producers ticked up after oil futures rebounded above the $50-per-barrel level as traders digested Saudi Arabia's export cutbacks.

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Saudi Arabia's Monday announcement on exports in conjunction with recent meetings between King Salman and Russian President Vladimir Putin were interpreted by markets as a sign the kingdom was determined to bring markets back into equilibrium, traders said.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

October 10, 2017 16:36 ET (20:36 GMT)