Market News

Oil Closes Session in Positive Territory

First published: 7.32 a.m. EST

WTI crude oil closed today’s trading session 2.3% higher to $78.50 per barrel. Nonetheless, the overall trend remains downward.

In the meantime, the European Union tries to put in place a cap on Russian oil and the U.S. Dollar continues to surge against broader global currencies.

U.S. natural gas fell to $6.651, down 3.03% after giving up its early gains today.

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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