The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0733 GMT - European oil stocks are mixed at the open despite oil posting gains as traders assess the impact of lost Saudi Arabian volumes after the attack on the country's East-West pipeline. Tightening supplies push Brent crude up 2% to $107.70 a barrel and WTI 2% higher at $103.37 a barrel. Such oil-price gains have tended to push oil stocks higher since the conflict with Iran began. However, only Spain's Repsol records a notable gain, rising 1.5%. Italy's Eni rises 0.4%. Britain's BP falls 0.3% while Shell trades flat. Broader economic sentiment has weakened in recent days following mounting warnings over an AI slowdown and 10-year Treasury yields hitting 5% for the first time since October 2023. (adam.whittaker@wsj.com)

0657 GMT - Oil prices continue to rise early Tuesday as traders assess the impact of lost Saudi Arabian volumes after the attack on the country's East-West pipeline. In European trade, Brent rises 1.75% to $107.50 a barrel while WTI is up 1.8% at $103.17 a barrel. The true extent of the damage hasn't been confirmed and the immediate impact on oil markets depends on how much oil can be taken from storage at the Yanbu port facility, ANZ analysts write. The Kingdom is expected to ramp up shipments through the Strait of Hormuz but recorded traffic remains very low, they say. Buffers, such as oil stored on the water in large ships or on land in strategic reserves, are disappearing and further tightening immediate supplies.(adam.whittaker@wsj.com)

0512 GMT - Amid rising uncertainty, the question of what to buy looks a little hazy. The answer is probably less of what depends on cheap money, and more of what generates cash today, says Ipek Ozkardeskaya, a senior analyst at Swissquote. Energy and mining companies remain interesting in a world of expensive commodities and persistent inflation, while companies with low leverage should weather higher borrowing costs, she says. If AI becomes less about building the next gigantic model and more about monetizing what already exists, the next opportunity may lie with the users of AI rather than its builders, she adds. (james.glynn@wsj.com; X @JamesGlynnWSJ)

0320 GMT - SK Innovation is expected to improve its financial health in 2026 on sharply higher earnings, Yuanta Securities Korea's Hwang Kyu-won and Seo Seok-jun say. The analysts expect the South Korean energy company's operating profit to surge to 10 trillion won this year from 448.7 billion won a year earlier. Its oil-refining and lubricant businesses are driving the expected surge in earnings, with profit margins widening amid global oil supply disruptions caused by the prolonged wars in Iran and Ukraine, they note. Yuanta expects SK's operating cash flow to reach 4.5 trillion won in 2026, with free cash flow turning positive after years in negative territory. Yuanta expects SK's consolidated net debt to fall to 20 trillion won in 2026 from 24 trillion won in 2025. (kwanwoo.jun@wsj.com)

0030 GMT - Oil gains in early Asian trade. Stabilizers in the global oil market appear to be weakening with China's crude oil imports edging higher and non-OPEC+ supply outside the Middle East likely to only come online in 2027, says Commonwealth Bank of Australia's Vivek Dhar in a note. Dhar finds it difficult to predict when oil flows in the Strait of Hormuz--through which one-fifth of the world's oil typically passes--will recover materially, given still-elevated U.S.-Iran tensions. CBA's low estimate of global markets having five to 11 weeks of oil and refined product stockpiles is growing more likely, the strategist adds. Front-month WTI crude-oil futures are up 1.3% at $102.69 a barrel, while front-month Brent is 1.3% higher at $107.01 a barrel. (megan.cheah@wsj.com)

1952 GMT - Oil futures settle higher as Saudi Arabia's pipeline outage and Houthi advances in Yemen keep the market's concerns about supply disruptions intact. Prices fell back from early highs, led by diesel, after President Trump said Ukraine and Russia agreed to stop attacks on each other's energy facilities. But "neither country has independently said they are held to the deal," Mizuho's Robert Yawger says in a note. And "as far as I know, there is no dialogue between the U.S. and Iran," he adds. WTI settles up 1.3% at $101.39 a barrel and Brent rises 1% to $105.68. (anthony.harrup@wsj.com)

1613 GMT - Diesel futures pull back from early highs as President Trump says Ukraine and Russia have agreed to stop attacks on each other's energy infrastructure. Ukrainian drone strikes that have knocked out Russian refining capacity have contributed to global diesel shortages while U.S. exports have been at record highs. "Ukraine has agreed not to hit Russian energy targets. Russia has agreed to do likewise!" Trump posted on Truth Social. He adds that the rise in diesel prices is mostly due to the Russia-Ukraine war, and not Iran. Nymex diesel futures are up 0.4% at $4.9771 a gallon. Gasoil futures on ICE Futures Europe are down 1.2% at $1,462 a metric ton. (anthony.harrup@wsj.com)

1303 GMT - Treasury yields rise, hovering near multi-year highs, amid expectations the Fed may raise interest rates Wednesday. The conflict in the Middle East pushes oil prices up by nearly 5%, stoking inflation fears. The WSJ Dollar Index rises 0.5%, as the greenback strengthens 0.9% against the yen and 0.6% versus the euro. The 10-year yield is at 4.985% and could breach 5% for the first time since 2023, on an intraday basis. The benchmark hasn't closed above 5% since 2007. The two-year is at 4.641%, receding after reaching its highest level since July 2024. (paulo.trevisani@wsj.com; @ptrevisani)

1221 GMT - Oil futures are extending last week's gains as the outage of Saudi Arabia's East-West pipeline adds to supply disruptions from the Middle East and Houthis make territorial advances in Yemen. Analysts at Capital Economics say the pipeline outage adds upside to their year-end estimate of $100 a barrel for Brent. "However, we are minded to stick with our existing forecast for now, largely because we simply do not know how long-lasting the damage to affected pumping stations along the East-West pipeline is," they say. "There is a chance that this could prove short-lived." Brent is up 3.4% at $108.12 a barrel and WTI is up 3% at $103.07.