Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1902 GMT – US crude prices finish another muted trading session little changed, ending up 0.1% at $80.70 a barrel. “Energy traders have an OPEC+ hangover as oil prices remain anchored,” says Edward Moya at Oanda, in a research note. “It seems WTI crude isn’t going to budge from the $80 a barrel level even as the headlines suggest the US economy is quickly weakening. The outlook for China is still rather optimistic and that could easily send oil prices $5 higher if we start to see that economy pick up. Some traders are waiting to see if the Biden administration makes a major decision and removes sanctions on Venezuela.” WTI finishes with a 6.6% weekly gain. (dan.molinski@wsj.com)