Market News

Oil Trading Daily: Oil Closes Higher on Chinese Optimism

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.

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.

Read full Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More