The benchmark crude WTI fell 1.83% to settle at $80.13 per barrel. Despite a short-term morale boost from China reopening, sentiment remains dampened by a spate of job cuts announced across a multitude of names over the past few days.
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Meanwhile, natural gas plunged 5.5% to finish at $3.258. The Energy Select Sector SPDR ETF (XLE) is now up nearly 7.3% so far this month.
The energy sector has been an outperformer over the past year, and here is a list of energy stocks that can be influenced by the aforementioned data.
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