Market News

Oil Trading Daily: Oil Finishes the Week on a Down Note

The benchmark crude WTI fell 3.28% to settle at $73.39, while Natural gas declined by 1.87% to close at $2.41.

The latest numbers from the Energy Information Administration indicate natural gas inventory in the U.S. dropped by 151 bcf to 2,583 bcf in the week ended January 20. On the other hand, oil inventories in the country have been building up as energy prices continue on the correction path.

In sync, the Energy Select Sector SPDR ETF (XLE) has also dropped by 4.7% over the last five trading sessions. Here is a list of energy stocks that can be influenced by the latest developments in the energy markets. 

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