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Oil Trading Daily: Oil Gains Despite Weak China Growth Numbers
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Oil Trading Daily: Oil Gains Despite Weak China Growth Numbers

The benchmark crude WTI gained 0.4% to settle at $80.18 per barrel. The price gains come even as a weak GDP print of 3% growth in China weighed on major indices globally today.

Natural gas also finished higher, climbing 4.88% to close at $3.586. Nonetheless, expectations of supply outstripping demand could weigh on prices over the coming months.

In addition, The Energy Select Sector SPDR ETF (XLE) has put on 3.2% gains over the past five trading sessions. Furthermore, energy giant Exxon is set to order a fifth Guyana oil vessel and shares of the company are up about 2.5% month-to-date.

Here are related tickers for this article:

  • United States Oil Fund LP (USO)
  • Exxon (XOM)
  • Frontline (FRO)
  • ProShares Ultra Bloomberg Crude Oil (UCO)
  • United States Natural Gas Fund LP (UNG)
  • Cheniere Energy (LNG)
  • ConocoPhillips (COP)
  • Chevron (CVX)
  • Bloom energy (BE)
  • Occidental Petroleum (OXY)

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