Shares of energy producers rose alongside oil futures as traders digested the decision of major oil-producing nations to extend a production-cap deal.
"With oil demand growing robustly, OPEC's supply constrained, and not much production growth elsewhere [there's] a rapidly growing gap to be filled by U.S. shale," said analysts at brokerage Morgan Stanley, in a research note.
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Royal Dutch Shell struck a deal to tap the massive natural-gas resource buried in coal deposits in eastern Australia in a development that would feed its majority-owned liquefied natural gas venture on the country's tropical coast.
-Rob Curran, email@example.com
(END) Dow Jones Newswires
December 01, 2017 16:24 ET (21:24 GMT)