Energy Up Despite Plunge in Oil Prices -- Energy Roundup

Dow Jones03-24

Shares of energy companies rose despite a plunge in oil futures.

Oil fell by more than 10% to $88.13 a barrel in New York after President Trump said he was postponing strikes on Iranian energy facilities, citing promising talks between U.S. and Iranian envoys.

U.S. Energy Secretary Chris Wright said while oil prices have risen as a result of the war in the Middle East, they haven't gone high enough to generate significant demand destruction.

Chinese oil major Sinopec struck a cautious tone during a post-earnings briefing, saying it has enough inventory to maintain stable production and multiple contingency plans in place.

Iranian and U.S. leaders disputed the nature of diplomatic contact. One brokerage said there was no sign of a strategic change on either side.

"The 5-day reprieve looks temporary with about 3 weeks of targets remaining," said strategists at brokerage Jefferies, in a note to clients. "A diplomatic off-ramp is not in place...[and] near-term scenarios remain driven by the Strait and hardening targets."

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

March 23, 2026 17:02 ET (21:02 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2621082746?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-24 05:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2621082746","market":"other","top_or_hot":-1,"title":"Energy Up Despite Plunge in Oil Prices -- Energy Roundup","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  Shares of energy companies rose despite a plunge in oil futures. \n</p>\n<p>\n  Oil fell by more than 10% to $88.13 a barrel in New York after President Trump said he was postponing strikes on Iranian energy facilities, citing promising talks between U.S. and Iranian envoys. \n</p>\n<p>\n  U.S. Energy Secretary Chris Wright said while oil prices have risen as a result of the war in the Middle East, they haven't gone high enough to generate significant demand destruction. \n</p>\n<p>\n  Chinese oil major Sinopec struck a cautious tone during a post-earnings briefing, saying it has enough inventory to maintain stable production and multiple contingency plans in place. \n</p>\n<p>\n  Iranian and U.S. leaders disputed the nature of diplomatic contact. One brokerage said there was no sign of a strategic change on either side. \n</p>\n<p>\n  \"The 5-day reprieve looks temporary with about 3 weeks of targets remaining,\" said strategists at brokerage Jefferies, in a note to clients. \"A diplomatic off-ramp is not in place...[and] near-term scenarios remain driven by the Strait and hardening targets.\" \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@dowjones.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 23, 2026 17:02 ET (21:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Energy Up Despite Plunge in Oil Prices -- Energy Roundup</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEnergy Up Despite Plunge in Oil Prices -- Energy Roundup\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-24 05:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  Shares of energy companies rose despite a plunge in oil futures. \n</p>\n<p>\n  Oil fell by more than 10% to $88.13 a barrel in New York after President Trump said he was postponing strikes on Iranian energy facilities, citing promising talks between U.S. and Iranian envoys. \n</p>\n<p>\n  U.S. Energy Secretary Chris Wright said while oil prices have risen as a result of the war in the Middle East, they haven't gone high enough to generate significant demand destruction. \n</p>\n<p>\n  Chinese oil major Sinopec struck a cautious tone during a post-earnings briefing, saying it has enough inventory to maintain stable production and multiple contingency plans in place. \n</p>\n<p>\n  Iranian and U.S. leaders disputed the nature of diplomatic contact. One brokerage said there was no sign of a strategic change on either side. \n</p>\n<p>\n  \"The 5-day reprieve looks temporary with about 3 weeks of targets remaining,\" said strategists at brokerage Jefferies, in a note to clients. \"A diplomatic off-ramp is not in place...[and] near-term scenarios remain driven by the Strait and hardening targets.\" \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@dowjones.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 23, 2026 17:02 ET (21:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621082746","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621082746","pubTimestamp":1774299720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of energy companies rose despite a plunge in oil futures.Oil fell by more than 10% to $88.13 a barrel in New York after President Trump said he was postponing strikes on Iranian energy facilities, citing promising talks between U.S. and Iranian envoys.U.S. Energy Secretary Chris Wright said while oil prices have risen as a result of the war in the Middle East, they haven't gone high enough to generate significant demand destruction.Chinese oil major Sinopec struck a cautious tone during a post-earnings briefing, saying it has enough inventory to maintain stable production and multiple contingency plans in place.Iranian and U.S. leaders disputed the nature of diplomatic contact. One brokerage said there was no sign of a strategic change on either side.\"The 5-day reprieve looks temporary with about 3 weeks of targets remaining,\" said strategists at brokerage Jefferies, in a note to clients. \"A diplomatic off-ramp is not in place...[and] near-term scenarios remain driven by the Str","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"尽管油价暴跌，能源仍上涨——能源综述","themeId":"67a87a90ee655eb84cdb3684ceb62d9f","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Shares of energy companies rose despite a plunge in oil futures. \n\n\n  Oil fell by more than 10% to $88.13 a barrel in New York after President Trump said he was postponing strikes on Iranian energy facilities, citing promising talks between U.S. and Iranian envoys. \n\n\n  U.S. Energy Secretary Chris Wright said while oil prices have risen as a result of the war in the Middle East, they haven't gone high enough to generate significant demand destruction. \n\n\n  Chinese oil major Sinopec struck a cautious tone during a post-earnings briefing, saying it has enough inventory to maintain stable production and multiple contingency plans in place. \n\n\n  Iranian and U.S. leaders disputed the nature of diplomatic contact. One brokerage said there was no sign of a strategic change on either side. \n\n\n  \"The 5-day reprieve looks temporary with about 3 weeks of targets remaining,\" said strategists at brokerage Jefferies, in a note to clients. \"A diplomatic off-ramp is not in place...[and] near-term scenarios remain driven by the Strait and hardening targets.\" \n\n\n \n\n\n  Write to Rob Curran at rob.curran@dowjones.com \n\n\n  (END) Dow Jones Newswires\n\n\n  March 23, 2026 17:02 ET (21:02 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2621082746","isCrawlerRequest":true}