Energy Down as Demand Worries Return -- Energy Roundup


Energy Down as Demand Worries Return  --  Energy Roundup

Shares of energy companies ticked down as traders shifted focus from rate-cut enthusiasm to demand worries.

Oil futures fell 0.7% to $63.57 a barrel.

U.S. natural gas futures fell after the Energy Information Administration reported an above-consensus 90 billion-cubic-foot increase in underground storage.

A federal judge ruled that U.S. bondholders have valid claims over Venezuela's Citgo Petroleum, declining to nullify a $1.7 billion bond issuance by the bankrupt South American country.

Saudi Arabia signed a defense pact with Pakistan, the only Muslim-majority country with nuclear weapons. The deal was announced a week after Israel carried out a missile attack targeting Hamas political officials in Qatar, another key U.S. Arab Gulf partner.

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