tiprankstipranks
Oil Trading Daily: Oil Falls, Nat Gas Craters 5%
Market News

Oil Trading Daily: Oil Falls, Nat Gas Craters 5%

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.

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

Join our Webinar to learn how TipRanks promotes Wall Street transparency

Read full Disclosure

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles