Shares of oil and energy stocks are trading higher as oil gains following a draw in US crude oil inventories.
Portfolio Pulse from Benzinga Newsdesk
Oil and energy stocks are trading higher due to a draw in US crude oil inventories. This has positively impacted the shares of several oil companies.
September 27, 2023 | 7:08 pm
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POSITIVE IMPACT
APA's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, APA's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like APA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BP's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, BP's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like BP.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CNQ's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, CNQ's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like CNQ.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CPE's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, CPE's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like CPE.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CTRA's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, CTRA's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like CTRA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CVX's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, CVX's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like CVX.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
DVN's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, DVN's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like DVN.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
E's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, E's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like E.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
EQNR's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, EQNR's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like EQNR.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
HAL's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, HAL's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like HAL.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
HES's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, HES's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like HES.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MPC's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, MPC's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like MPC.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
OVV's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, OVV's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like OVV.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
PBR's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, PBR's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like PBR.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SLB's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, SLB's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like SLB.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TS's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, TS's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like TS.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
XOM's stock is trading higher due to a draw in US crude oil inventories.
As an oil company, XOM's stock price is directly influenced by changes in oil inventories. A decrease in US crude oil inventories typically leads to an increase in oil prices, which positively impacts oil companies like XOM.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100