Energy Up Amid Israel-Iran Tensions — Energy Roundup
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Dow Jones
Shares of energy companies rose as a run-up in oil futures continued amid a dangerous escalation in tensions between Israel and Iran. Israel has vowed to respond to a recent missile attack from Iran, and has recently moved forces into Lebanon to fight Iranian proxies Hezbollah.
Crude oil futures for November delivery gained 9.1% to $74.38 a barrel this week, their largest gain since March 2023. Natural gas futures slid 3.9% to $2.85 per million British thermal units after nearing the $3 mark yesterday.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 04, 2024 17:46 ET (21:46 GMT)
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