BNO - Energy stocks oil prices rise as U.S. crude supplies decline again
Energy (XLE +3.2%) is the clear leader among today's S&P industry sectors, supported by a 3.4% surge in WTI October crude oil (CL1:COM) to $72.86/bbl, rising for the fourth straight session to its strongest level since late July. Both WTI and Brent crude (CO1:COM), +3% to $75.85/bbl, are on track to post the highest settlement for a front-month contract since July 30. The latest U.S. inventory report showed a larger than expected crude oil draw and a smaller than expected gasoline draw. Today's five biggest advancers on the S&P 500 are energy producers: EOG +7.4%, FANG +6.7%, OXY +6.6%, MRO +6.5%, DVN +6%. Other oil and gas gainers include SM +13.5%, RRC +10.1%, AR +9.5%, CDEV +7%, XEC +5.9%, COG +5.9%, HES +5.5%, APA +5.4%. ETFs: XLE, USO, UCO, XOP, VDE, GUSH, OIH, ERX, BGR, BNO Oil is "being lent buoyancy by the supply outages in the Gulf of Mexico, which
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Energy stocks, oil prices rise as U.S. crude supplies decline again