Energy shares slipped as crude futures rose but remained below $80 a barrel, while markets await for a normalization of trade through the Strait of Hormuz. The Fed sounded hawkish, keeping the possibility of a rate increase on the table.
Shares of Eos Energy Enterprises advanced after the company set up an exclusive long-duration battery partnership to expand into Germany.
U.S. commercial crude oil stocks were down by 8.3 million barrels at 418.2 million barrels in the week ended June 12 and were about 6% below the five-year average for the time of year. Average U.S. daily ethanol production fell by 6,000 barrels a day, to 1.1 million barrels a day, last week. Inventories inched up 22,000 barrels, to 24.47 million barrels.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
