FANG - Crude oil energy stocks recoup some of yesterday's losses

Devon Energy (DVN) +2% pre-market, leading energy stocks higher as crude oil recoups some of yesterday's losses, but prices remain volatile while an impasse prevents OPEC+ from raising production.Some of yesterday's biggest losers are indicated slightly higher: [[FANG]] +1.3%, [[OXY]] +0.8%, [[RIG]] +0.5%.August WTI crude oil (CL1:COM) +0.6% to $73.85/bbl, and September Brent (CO1:COM) +0.6% to $74.95/bbl.ETFs: [[XLE]], [[USO]], [[UCO]], [[XOP]], [[VDE]], [[GUSH]], [[OIH]], [[ERX]], [[BGR]], [[BNO]]"With no agreement, the production and export levels apparently remain unchanged according to the overall framework, which creates the impression that the group does not shy away from overtightening the market," says Julius Baer's Norbert Ruecker.A WSJ report describes the UAE's strategy of wanting to pump more oil now so it can invest in diversification before oil demand diminishes.The Middle East's oil-producing governments have said for years that they are not worried about finding crude buyers far into the future, and the UAE is breaking from

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Crude oil, energy stocks recoup some of yesterday's losses