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Crude Oil Continues Northward Trajectory
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Crude Oil Continues Northward Trajectory

WTI crude oil closed 4.74% higher to $92.64 per barrel in today’s session, continuing its advance over the past five days.  

The supply cut from OPEC+ combined with rising geopolitical tension continues to drive oil northward. 

U.S. natural gas, on the other hand, fell 3.2% to $6.748 after the U.S. stockpile of +129bcf came in higher than the previous week’s +103 mark.  Natural gas is now down roughly 17% over the past month.

Here are some stocks that could be affected by this news:

  • Energy Select Sector SPDR Fund (XLE)
  • United States Oil Fund LP (USO)
  • ProShares Ultra Bloomberg Crude Oil (UCO)
  • Exxon Mobil (XOM)
  • Chevron (CVX)
  • Occidental Petroleum (OXY)
  • United States Natural Gas Fund LP (UNG)
  • Cheniere Energy (LNG)

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