Published: Sept. 11, 2023 at 5:42 p.m. ET
Shares of energy companies slipped alongside oil futures.
U.S.-traded oil futures tested their 2023 highs before giving back some of their recent gains. The energy sector is the best performer of the 11 industry groups on the S&P 500 so far in the third quarter, rising by more than 10%, compared with a 0.2% gain for the broad gauge.
Oil-refining…
Shares of energy companies slipped alongside oil futures.
U.S.-traded oil futures tested their 2023 highs before giving back some of their recent gains. The energy sector is the best performer of the 11 industry groups on the S&P 500 so far in the third quarter, rising by more than 10%, compared with a 0.2% gain for the broad gauge.
Oil-refining concerns added to recent gains as the average price of gasoline in the U.S. topped $3.83 a gallon, according to AAA.
Write to Rob Curran at rob.curran@dowjones.com