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Breaking: A top secret U.S. Navy detection system designed to spot enemy submarines first heard the Titan submersible implosion days ago https://t.co/oEpLq02Cxh
— The Wall Street Journal (@WSJ) June 22, 2023
Energy stocks are trading lower, tracking weaker broader index futures and lower oil prices.
Oil futures fell on Thursday, with trader concern over the bearish impact of interest rate hikes countered by potentially bullish U.S. oil inventory data after preliminary figures showed a fall in stocks. The benchmarks erased gains from the previous session, during which U.S. corn and soybean prices raced to multi-month highs, raising expectations that crop shortfalls could lower biofuels blending and increase oil demand.
Natural gas futures are higher by a penny ahead of weekly inventory data.
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By Tsvetana Paraskova for Oilprice.com | A total of 93 oil and gas firms...
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