Stocks inch green Wednesday amid interests rates falling and the political uncertainty coming out of DC.
- S&P 500: 45%
- Nasdaq: 70%
- Dow Jones: 19%
Given the rise in rates this year, Credit Suisse recommended that investors favor pro-cyclical sectors, including financials and energy. Rising rates could hurt growth stocks, however.
Crude Oil and Natural Gas News
Crude oil prices stay flat as the EIA stock draw falls shorts of market expectations, drawing only 3.2 million, compared the API 5.821 mm posted yesterday. Crude oil prices are currently trading at $53.02. Natural gas prices moderately as cooler weather looks to swoop in, with prices currently trading around $2.740
US Energy News
- Crude stocks draw 3.2 mm
- Oxy to strip carbon from air
International Energy News
- Norway boosts carbon tax to $237 per ton
- Tesla launching in India
- Quatargas completes first STS LNG transfer
- LNG prices rises faster than Bitcoin
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