Energy Lower as Oil Rout Continues -- Energy Roundup

FeaturesDow Jones Newswires

Shares of energy producers fell as the oil rout continued.

Oil futures slipped further into bear-market territory and closed around $43 a barrel, reaching depths that bulls had hoped wouldn't be revisited after this year's recovery from the commodities bust. In one promising sign for oil markets, crude-oil stockpiles fell by 2.5 million barrels to 509.1 million barrels in the week ended June 16, according to the Energy Information Administration.

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The Trump administration's pullback on federal environmental regulations probably won't give a big boost to the oil and gas industry, according to credit-ratings agency Fitch.

Rob Curran,

(END) Dow Jones Newswires

June 21, 2017 18:02 ET (22:02 GMT)