Shares of oil and gas companies rose as traders bet the continued outage of a key North Sea pipeline would tighten global markets.
With the Organization of the Petroleum Exporting Countries capping cartel members' production and the Forties pipeline supplying Britain still out of order, analysts say oil futures are likely to hold near their recent highs around $60 a barrel.
Continue Reading Below
BP recently agreed to invest $200 million for a 43% stake in solar-energy provider Lightsource Renewable Holdings, one of the British oil giant's first forays into the renewable-energy space since the Macondo oil disaster forced it into retreat.
--Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
December 18, 2017 16:18 ET (21:18 GMT)