Rebounding Oil Futures Boost Energy Shares -- Energy Roundup

FeaturesDow Jones Newswires

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.

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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,

(END) Dow Jones Newswires

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