Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
AJ Fabino

Is It A Good Time To Average Down Energy Stocks? 10 Trade Ideas

NYSE WTI Russia Ukraine

Oil prices have dipped below $100 for the first time since mid-March, causing stocks associated with the sector to fall.

Brent crude oil fell 4.36% to $98.30, while WTI (West Texas Intermediary) fell 4.22% to $94.11. Crude prices have been on an unprecedented rally since February, when Russia invaded Ukraine, pushing prices to levels unseen since 2014.

U.S. President Joe Biden, under pressure to relieve high energy prices, announced recently that the United States will release up to 180 million barrels of oil per day for six months from its reserve as a hedge against fears of Russian supply chain disruption.

Here are 10 energy stocks to keep an eye on while oil prices settle into its next trading range.

  • Exxon Mobil Corp (NYSE:XOM)
  • Chevron Corporation (NYSE:CVX)
  • Devon Energy Corp (NYSE:DVN)
  • Occidental Petroleum Corporation (NYSE:OXY)
  • Southwestern Energy Company (NYSE:SWN)
  • Halliburton Company (NYSE:HAL)
  • W&T Offshore, Inc. (NYSE:WTI)
  • Peabody Energy Corporation (NYSE:BTU)
  • Schlumberger NV (NYSE:SLB)
  • Valero Energy Corporation (NYSE:VLO)
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Rapidly spinning 'extreme' neutron star discovered by US Navy research intern
A Navy research team intern is part of a group of astronomers who have discovered a rapidly spinning neutron star, or "pulsar," in a dense cluster of stars around 10 light-years away.
Space
Space
Swifties Report “Memory Loss” After Eras Tour Concerts—Experts Shed Light On Odd Phenomenon
"I was there, and I know it was the time of my life, but why do I not remember it?" The post Swifties Report “Memory Loss” After Eras Tour Concerts—Experts Shed Light On Odd Phenomenon first appeared on Bored Panda.
Bored Panda
Bored Panda
Are at-home gut microbiome testing kits a scam?
Gut health has become something of a wellness buzzword – so we asked experts what the gut microbiome is and how it affects our health
The Guardian - US
The Guardian - US
Daydream a lot? Feel sluggish? Stare into space? You might have cognitive disengagement syndrome
Do you find that you daydream a lot? Are you often sluggish and tend to disengage easily when doing a task? You might have cognitive disengagement syndrome, or CDS.
The Conversation
The Conversation
Travelling by Ann Powers review – a dazzling life of Joni Mitchell
A sweeping study of Mitchell’s life and work that swerves familiar touchstones to create a vibrant, multi-faceted portrait
The Guardian - UK
The Guardian - UK
Colorado’s mysterious monolith taken down after too many visitors come to view strange object
The owners of the Morning Fresh Dairy Farm, where the object appeared, said it was being kept safe and that the creator could have it back if they wanted
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play