Energy Up As Inventory Report Buoys Oil -- Energy Roundup

Shares of energy companies ticked up after reports of rising consumer inflation and dwindling supplies.

Oil futures rose to a two-month high after the Energy Information Administration reported a 4.6 million-barrel fall in U.S crude supplies for the week ended Jan. 7, to 413.3 million barrels. That was the lowest weekly supply reading since 2018, EIA data show.

Natural gas futures surged, adding 14% in the biggest one-day gain since 2018 as weather forecasts indicated a continuation of freezing weather in much of the Northeast.

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(END) Dow Jones Newswires

01-12-22 1627ET