The benchmark crude WTI fell 0.84% to settle at $75.69 per barrel, continuing its rangebound trajectory of the past two months. Conversely, Natural gas finished 7.26% higher to close at $2.731.
While Russia undertakes production cuts, oil inventories continue to pile up in the U.S. In addition, the chances of the U.S. Fed jacking up interest rates continues to keep markets on edge while weighing on sentiment.
Meanwhile, the Energy Select Sector SPDR ETF (XLE) is up 0.21% at the time of writing. Here is a list of energy stocks that can be influenced by the latest developments in the energy markets.
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