Dow Jones Top Energy Headlines at 11 AM ET: Oil Futures Turn Lower | NextEra ...

MorningStar
2026.05.18 15:27
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Oil futures declined after a spike due to stalled reopening of the Strait of Hormuz. NextEra Energy is set to acquire Dominion Energy for $67 billion, creating a major East Coast utility. The ongoing Iran conflict is driving up oil prices and depleting U.S. inventories. Canada has finalized a carbon-tax deal, and the House passed an ethanol bill, though its future in the Senate is uncertain. Global oil inventories are rapidly decreasing, raising concerns about future supply.