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Oil Trading Daily: Oil Finishes the Day on Shaky Ground
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Oil Trading Daily: Oil Finishes the Day on Shaky Ground

The benchmark crude WTI fell 1.46% to settle at $75.66 in today’s trading session. Prices continue to remain weak with softening demand and a tepid demand rebound in China.

Additionally, the possibility of a recession coupled with the U.S. Fed meeting on Wednesday continues to keep traders on edge. Natural gas, too, fell by 3.82% to close at $2.318 today but still remains 4.47% higher over the past month.

The United States Oil Fund ETF (USO) continues to find support at the $65 level but is still down 8.88% over the past six months. Here is a list of energy stocks that can be influenced by the latest developments in the energy markets.

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