Spdr(r) S&p(r) Oil & Gas Exploration & Production Etf ETF News

Crude oil markets have pulled back just a bit during the trading session on Thursday, as the 50-Day EMA has been very resistive.

A jump in U.S. oil inventories and a stronger U.S. Dollar are offsetting the optimism that had been building over recovering Chinese demand.

Oil futures traded slightly higher early Thursday after shaking off a seventh straight weekly rise in U.S. crude inventories during the previous session.

On CNBC’s “ Halftime Report Final Trades ,” Bryn Talkington of Requisite Capital Management chose SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA: XOP) as her pick. Talkington said that “a good cover call strategy would be to sell the June 134s,” which gives 9% upside on the … Full story available on Benzinga.com

Stocks Analysis by Zacks Investment Research covering: State Street Corp, Marathon Oil Corporation, Callon Petroleum Company, SM Energy Co. Read Zacks Investment Research''s latest article on Investing.com

With the beginning of a coordinated campaign of strategic petroleum reserve releases and the threat posed by the new Omicron variant of Covid-19, traders have piled into oil shorts on the expectation of a pick-up in supply and a hit to demand. However, the cyclical fundamental problem of a lack of incentive for new oil [] The post Oil Stocks Set to Reap Huge Benefits from Undersupply Regime (PXD, CEI, MTDR, FANG, HP, HES, OIH, XOP) appeared first on Wall Street PR .

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