Shares of energy companies rose, but not by as much as the broad market, as oil futures slid.
Oil futures fell by the largest increment since June 3 amid concerns about Chinese demand following lackluster growth data from the second largest global economy.
Oil-engineering firm KBR agreed to buy engineering, data-analytics and digital-integration company LinQuest from investment firm Madison Dearborn Partners for $737 million cash.
French oil major TotalEnergies forecast second-quarter oil-and-gas output at the high end of its guidance range, but said weak refining margins will hamper downstream results.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-16-24 1706ET