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.
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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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