The benchmark crude WTI gained 0.61% to settle at $71.99 per barrel. Prices continue to find support around the $70 mark, and negotiations over the U.S. debt ceiling will decide the price trajectory over the next few weeks.
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Meanwhile, natural gas fell 7.2% to close at $2.40 today but still remains more than 7% higher over the past month.
Elsewhere, energy major Exxon (NYSE:XOM) has acquired the drilling rights over a 120,000-acre area in Arkansas for Lithium production.
Although the United States Oil Fund ETF (USO) is slightly higher today at $63.98, the ETF is down 5.5% year-to-date. Here is a list of energy stocks that can be influenced by the latest developments in the energy markets.
