Shares of oil and gas companies rose alongside oil futures amid hopes for Chinese demand. Oil futures rose after official Chinese customs data showed an increase in imports and as tensions in the Middle East remained high in the wake of President Donald Trump's decision to move the location of the U.S. Embassy in Israel to Jerusalem. Russian President Vladimir Putin launched a giant Arctic gas project that will skirt Western sanctions and strengthen the nation's ties with China. The $27billion Yamal liquefied-natural-gas facility started loading its first tanker, which is set to transport the fuel from a remote Arctic peninsula to the Asian market.
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(END) Dow Jones Newswires
December 08, 2017 16:12 ET (21:12 GMT)