By Elena Cherney

DAVOS, Switzerland--The oil price recovery is boosting the mood of energy-industry leaders at the World Economic Forum in Davos, Switzerland, with many expressing confidence that the market is rebalancing after a two-year price collapse.

"Everybody thinks the worst is over," said Emma Marcegaglia, chairman of Eni SpA, Italy's biggest oil company. "The mood is completely different compared with last year. The mood is better."

Write to Elena Cherney at elena.cherney@wsj.com

(END) Dow Jones Newswires

January 20, 2017 08:46 ET (13:46 GMT)

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