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Shares of oil and gas-related companies are trading higher amid energy price gains driven by reports suggesting that Houthi rebels are expanding their threats against Saudi vessels in the Red Sea. Also, President Trump vowed to mete out justice on the Houthis and Iran for attacks carried out by the Yemeni rebels.
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Shares of oil and gas related-companies are lower following reports suggesting that Saudi Arabia is attempting to restore crude oil exports quickly through pipeline repairs and ship-to-ship transfers. Also, API and EIA data indicated weekly U.S. crude and distillate inventory growth, further pressuring the oil price.
Shares of oil and gas companies are trading higher amid a rise in crude after reports suggesting that Saudi Aramco deferred and cancelled some September crude cargoes meant for European refiners after the closure of its East-West pipeline to the Red Sea. Also, ongoing Saudi strikes on Yemen's Houthi rebels and a tight global diesel market are helping to support crude prices.