3-6-18 4:33 PM EST | Email Article

Shares of oil and gas companies rose alongside oil futures as the dollar weakened and investors worldwide exhibited an increased risk appetite.

Royal Dutch Shell said it was monitoring the impact of potential tariffs on the likely costs of developments in the Gulf of Mexico, as reported earlier.

Ryan Zinke, Secretary of the Department of the Interior, said a massive oil-and-gas lease sale on March 21, with up to 77.3 million acres in the Gulf of Mexico, would be critical in shaping the fortunes of the oil industry in the near term.

-Rob Curran, rob.curran@dowjones.com


(END) Dow Jones Newswires

March 06, 2018 16:33 ET (21:33 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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