Energy Up on Rate Bets — Energy Roundup
Shares of energy companies rose as traders rotated into rate-sensitive sectors after the head of the Chicago Federal Reserve called for more rate cuts.
Oil futures fell after Iran's prime minister indicated the nation did not wish to see an escalation of the Middle East conflict.
California's attorney general filed a lawsuit against Exxon Mobil, accusing the oil giant of misleading consumers about the recyclability of plastic products and polluting the state. Plastics makers have made claims about recycling the material for years, despite the impracticalities of melting down many plastic products for repurposing or reuse.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
September 23, 2024 18:05 ET (22:05 GMT)
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