Energy stocks only kept pace with broader markets on Monday, Sept. 18, after days of leading them higher.
West Texas Intermediate crude was down 0.3% to $49.73 a barrel on Monday morning.
A crude oil rally last week pulled the commodity to its highest level in roughly a month and a half after signs of reduced global production. Global oil supplies have hit a snag as Hurricane Harvey limited output in the U.S. and declining activity in the Middle East helped the Organization of Petroleum Exporting Countries maintain a previous deal to limit production.
Energy gains were roughly in line with other sectors' increases on Monday morning. Major oilers Exxon Mobil Corp. (XOM) , Royal Dutch Shell, Total SA (TOT) , and China Petroleum & Chemical Corp. (SNP) were lower, while Chevron Corp. (CVX) , PetroChina Co. Ltd. (PTR) , and Schlumberger Ltd. (SLB) climbed.
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