Shares of power firms rose alongside power costs as a delay in tariffs on Chinese language imports sparked hope that the U.S. and China would attain a ceasefire within the commerce battle.
Pure-gas costs rose as giant swaths of Texas and the U.S. South noticed temperatures above 100 levels Fahrenheit, protecting air-conditioners buzzing and creating natural-gas utilization at utilities.
Reliance Industries surged, including 760 billion rupees (almost $11 billion) to its market capitalization after Monday’s report that Saudi Aramco was planning to take a 20% stake within the Indian conglomerate’s oil-and-chemicals enterprise.
Write to Rob Curran at firstname.lastname@example.org
(END) Dow Jones Newswires
August 13, 2019 16:17 ET (20:17 GMT)
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