Shares of energy producers rose as traders bet oil futures would hold above $45 a barrel. Oil futures ticked down after OPEC said its output rose 1% to 32.14 million barrels a day in May, led by increases in Libya, Nigeria and Iraq, raising worries about the cartel's ability to police production targets.
One brokerage said the international trade in natural gas continues apace. "Global liquefied-natural-gas trade continues to accelerate despite project delays with imports rising 10% year-over-year in the first quarter," said analysts at brokerage Morgan Stanley, in a research note.
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(--By Rob Curran, firstname.lastname@example.org)
(END) Dow Jones Newswires
June 13, 2017 16:19 ET (20:19 GMT)