The benchmark Crude WTI is marginally up 0.19% to $89.13 today at 4.08 a.m. EST as markets await the latest numbers from OPEC.
Natural gas, on the other hand, is surging with gains of 5.16% already and is trading at $6.18. The U.S. is tightening methane emissions rules and is aiming to lower methane emissions from the oil and gas industry by about 87% as compared to 2005 levels.
The new rules are expected to be finalized by the end of next year. The Energy Select Sector SPDR ETF (XLE) has now put on ~62.8% gains year-to-date.
Here are related tickers for this article:
- United States Oil Fund LP (USO)
- ProShares Ultra Bloomberg Crude Oil (UCO)
- United States Natural Gas Fund LP (UNG)
- Cheniere Energy (LNG)
- Chevron (CVX)
- ConocoPhillips (COP)
- Occidental Petroleum (OXY)
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