Energy Up as Oil Slips, Natural Gas Rallies -- Energy Roundup

Dow Jones12-21

Shares of energy companies rose, but remain lower for December and for the year.

Oil ticked up 8 cents to $69.46 a barrel, off 2.2% from where it started December, and down 3.1% for 2024 to date. Some market watchers warn that weakening demand in China and Europe, trade tensions and central bank changes, could drive oil prices down further in 2025.

Natural gas futures continued a recent rally, surging by more than 5% to $3.75 a million British thermal units, the highest level in almost two years.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

December 20, 2024 17:32 ET (22:32 GMT)

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