Energy shares rise on higher oil; dollar slips as policy tightening eyed - Dealers Care

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Wednesday, 26 September 2018

Energy shares rise on higher oil; dollar slips as policy tightening eyed

By Hilary Russ NEW YORK (Reuters) - Energy stocks climbed on Tuesday as oil prices surged above $81 a barrel, but U.S. shares ended lower as chipmakers fell on ratings downgrades and rate-sensitive shares lost ground ahead of an expected Federal Reserve interest rate hike. The dollar weakened as the expected Fed rate hike has already been priced in by investors.

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