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Energy & Utilities Roundup: Market Talk
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.
1538 ET – Oil futures pull back after three straight sessions of gains, with a tentative ceasefire agreement between Israel and Lebanon suggesting possible support for U.S.-Iran talks. “The problem is that Iran-backed Hezbollah is not part of the agreement,” Arlan Suderman of StoneX says in a note. Recent data show some ships getting through the Strait of Hormuz, he notes. “The increased passages does not come close to erasing the energy deficit, but it does help for the time being. Nor do we see production being restored in the region.” WTI settles down 3.1% at $93.04 a barrel. Brent falls 2.8% to $95.03.(anthony.harrup@wsj.com)
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