Shares of oil and gas companies rose as traders bet the passage of a tax-cut bill would stoke demand for energy commodities. Executives at Royal Dutch Shell, Italian energy company Eni and other oil companies must stand trial on corruption charges connected to a 2011 Nigerian oil deal, an Italian judge ruled Wednesday. Prosecutors allege that executives at Shell and Eni knew most of the $1.3 billion the companies paid to the Nigerian government to acquire drilling rights would be distributed as bribes, The Wall Street Journal reported.
-Rob Curran, firstname.lastname@example.org
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(END) Dow Jones Newswires
December 20, 2017 16:21 ET (21:21 GMT)