WTI crude oil closed 0.04% higher to settle at $79.53 today. Prices have now gained 2.65% over the last five days. China is finally emerging out of its zero COVID-19 policy.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Starting in January, the country will be removing strict COVID-19 measures and classifying it as a Class B infectious disease. While the development could mean a boost in oil demand, the threat of rising infections continues to remain.
Meanwhile, natural gas finished 3.99% higher to close at $5.282 amid one of the biggest blizzards in the U.S. in a century. Over the past six months, prices have now corrected by more than 20%.
The Energy Select Sector SPDR ETF (XLE) has now gained 59.4% over the past 52 weeks.
Here are related tickers for this article:
- United States Oil Fund LP (USO)
- ProShares Ultra Bloomberg Crude Oil (UCO)
- United States Natural Gas Fund LP (UNG)
- Cheniere Energy (LNG)
- ConocoPhillips (COP)
- Chevron (CVX)
- Occidental Petroleum (OXY)
Special end-of-year offer: Access TipRanks Premium tools for an all-time low price! Click to learn more.
Read full Disclosure
