Shares of energy companies ticked up as traders bet that the price of oil and refined products would remain near recent highs.
Oil futures fell by more than 2% in New York, snapping an eight-session winning streak, but still finished substantially higher for the week, on the cusp of the psychologically significant $100-per-barrel level.
Houthi rebels secured control of a key island in the strait that energy tankers use to exit the Red Sea, putting two key Middle East shipping chokepoints in the hands of Iran and its allies.
Abu Dhabi's national oil-and-gas company said it signed a raft of deals with a potential investment value of 5 billion euros ($5.81 billion) with German energy and industrial groups, part of a major investment by the United Arab Emirates.
Write to Rob Curran at rob.curran@dowjones.com
