The benchmark crude WTI saw little change in today’s session after closing $0.03 higher to settle at $80.86 per barrel. Optimism from a recovering Chinese economy coupled with production cuts by OPEC+ continues to lend support to oil prices.
Meanwhile, Natural gas gained 4% to close at $2.366 per MMBtu. Prices have now rallied more than 17% over the past five sessions on the back of anticipation of higher heating demand.
The United States Oil Fund ETF (USO), on the other hand, has dropped 2.18% over the past five sessions. Here is a list of energy stocks that can be influenced by the latest developments in the energy markets.
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