Energy & Utilities Roundup: Market Talk - WSJ


This article provides a summary of energy and utilities market news, including fluctuating oil prices, OPEC+ output, and geopolitical discussions.
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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.1506 ET – Oil futures give back some of this week’s gains in a volatile session. The 4.3 million barrel drawdown in U.S. crude inventories was offset by bigger-than-expected increases in gasoline and diesel stocks. Aramco cut its official July selling price to Asia by 20 cents a barrel, but raised prices for Europe and the U.S., while a report that Saudi Arabia favors further large monthly OPEC+ output increases after July added downward pressure on oil. President Trump said he had a good conversation with Russia’s Vladimir Putin, but not one that will lead to immediate peace in the Russia-Ukraine conflict. He also said the U.S. needs a definitive answer soon from Iran on a nuclear deal. WTI settles down 0.9% at $62.85 a barrel, and Brent falls 1.2% to $64.86 a barrel. (anthony.harrup@wsj.com)

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