Rebounding Oil Futures Boost Energy Shares -- Energy Roundup

Energy shares were boosted as oil futures edged up after recent losses.

Prices began to tick upward Friday as bargain buyers and profit takers bet that a selloff earlier this week has lost momentum. Oil lost 3.8% for the week in its third weekly decline in a row.

Continue Reading Below

The number of rigs drilling for oil in the U.S. rose by eight in the past week to 741, according to oil-field services company Baker Hughes. Natural gas prices rose for the third time in four sessions as forecasts of hot weather keep boosting optimism for strong demand.

-By Amy Pessetto, amy.pessetto@dowjones.com

(END) Dow Jones Newswires

June 09, 2017 18:42 ET (22:42 GMT)