WTI Crude oil rallied 1.1% to settle at $68.35 per barrel in today’s trading session. Markets seemed to calm down after Credit Suisse was extended a lifeline by Swiss regulators. Nevertheless, uncertainty remains amid the growing stress on banks around the globe.
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Meanwhile, the European Central Bank (ECB) continued its monetary tightening stance to control inflation and raised interest rates by 50 basis points.
When it comes to natural gas, it jumped 3.08% to close at $2.514 MMBtu.
In addition, the Energy Select Sector SPDR ETF (XLE) is up 1% today but down 1.38% in the past five days. Here is a list of energy stocks that can be influenced by the latest developments in the energy markets.
