Energy Up With Oil Futures -- Energy Roundup

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12/07/2017 | 10:23 pm


Shares of energy producers ticked up alongside oil futures as tensions mounted in the Middle East.



Palestinian protesters took to the streets after President Donald Trump said he would be moving the U.S. Embassy in Israel to Jerusalem, a city claimed by both Israel and the Palestinians.



Oil futures rebounded from a three-week low reached Wednesday after a reported buildup in gasoline.



Oil giants remain conservative in capital-spending plans despite the rebound in oil futures this year. Chevron recently targeted $18.3 billion in capital and exploratory spending for 2018, down from this year as the company aims to lean on production growth in recent discoveries in the Permian Basin, as reported earlier.



--Rob Curran, [email protected]





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