Nov. 20, 2023 12:45 pm ET
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1137 ET – European stocks trade mixed, though oil shares gain as crude-oil prices rise amid speculation about production cuts. The Stoxx Europe 600 advances 0.1% and the CAC 40 climbs 0.2%, while the FTSE 100 and DAX retreat 0.1% apiece. The Dow gains 0.3%. Brent crude rallies 2.6% to $82.71 a barrel, boosting the likes of BP, TotalEnergies, Eni, Repsol, Shell and Equinor. Crude prices continue to rise ahead of a meeting of oil cartel OPEC and its allies later this month, as traders anticipate further quota cuts to counteract a sharp drop in crude prices in the last few weeks, Panmure Gordon analyst Ashley Kelty says. (firstname.lastname@example.org)
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8