Producers of metals, grains and other raw materials ticked up as traders hedged their bets on the implications of the energy shock.

Gold futures, which are sensitive to interest rates and foreign-exchange movements, slipped as the U.S. dollar rose.

French industrial-gas maker Air Liquide said it would invest nearly $232.6 million in a facility in South Korea to supply materials to SK Hynix's production of artificial intelligence storage chips. Air Liquide and other industrial-gas makers, such as Linde, rose.

Ranchers such as Trump administration adviser Shad Sullivan are pushing to break up meatpacking companies, mandate country-of-origin labels on beef and loosen certain regulations on ranchers while tightening restrictions on beef imports and exports, ideas once dismissed as unfeasible by mainstream beef industry players.

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