Market News

Oil Continues to Rebound from Yearly Lows

First published: 5.40 a.m. EST

WTI crude oil closed today’s session at $82.15 per barrel, equating to a gain of 4.7%, as broader markets trade higher cautiously amid economic jitters and global currencies including Yuan, Yen, and Sterling showing weakness against the greenback.

Meanwhile, Hurricane Ian remains a key event to keep an eye on and EIA inventories came in at +0.2 million barrels as compared to estimates of +0.44 million barrels.

U.S. natural gas also closed higher today at $6.933, up 2.56%.

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)

Read full Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos