The benchmark crude WTI gained 0.65% to settle at $77.87 per barrel as markets continue to weigh a possible rate hike from the U.S. Fed next month amid mounting recession concerns.
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Meanwhile, Natural gas slipped 0.71% to close at $2.233 today but is still holding up above the crucial $2 mark. Latest numbers from the Energy Information Administration indicate natural gas inventories in the U.S. rose by 75bcf to 1,930bcf in the week ending April 14.
With broader sentiment weakening, the energy sector has been a laggard. The United States Oil Fund ETF (USO) has dropped 4.6% over the past five sessions now. Here is a list of energy stocks that can be influenced by the latest developments in the energy markets.
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