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