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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.
1520 ET – Oil futures post their sharpest weekly gains since October as expectations of potential U.S. military action against Iran raised concerns about supply disruption, while the loss of U.S. production to winter storm Fern added to bullishness. Prices slipped in today’s session amid signs of willingness on the part of the U.S. and Iran to hold talks. “Global supplies remain ample. However, demand remains a bit stronger than expected, and the latest cold spell has hampered U.S. production,” says Dennis Kissler of BOK Financial. WTI settles down 0.3% at $65.21 a barrel for a 6.8% gain on the week. March Brent goes off the board practically flat at $70.69 a barrel, but up 7.3% on the week.(
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