Market News

Oil Shows Weakness after Yesterday’s Gains

WTI Crude oil fell by 0.78% in today’s session, with WTI Crude oil closing at $81.51 after crossing the $80 mark yesterday.

A rise in crude stockpiles in the U.S. and the impact of Hurricane Ian are helping the black gold prop up.

U.S. natural gas closed at $6.861, down 0.1% after the EIA reported higher than expected natural gas storage.

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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