The benchmark crude WTI gained 0.6% to settle at $78.16 per barrel. While oil inventories continue to rise in the U.S., the latest numbers indicated the pace of buildup has moderated.
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Further, a higher print in the manufacturing purchasing managers index in China has added to optimism in the markets. Natural gas, on the other hand, pared previous gains and fell 1.64% to close at $2.765 today.
Meanwhile, the Energy Select Sector SPDR ETF (XLE) has gained 1.93% over the past five sessions. Here is a list of energy stocks that can be influenced by the latest developments in the energy markets.
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