Sept. 16, 2020
Introduction
It is so hard for me to be a good trader to make gains today on crude oil rebound. I did not take big risk to get biggest gains I can, instead I just stopped when I see CVE.TO 1010 shares with more than $200 dollars return.
My research
Here is the article I like to build a portfolio and then look into.
Energy stocks post gains as U.S. crude tops $40/bbl
Energy (XLE +4.2%) tops today's S&P sector leaderboard, with crude oil extending its rally following an unexpected drop in crude inventories.
October WTI +4.6% to $40.05/bbl; November Brent +3.9% to $42.11/bbl.
U.S. crude stocks fell by 4.4M barrels last week to 496M, the U.S. Energy Administration reported, compared with analyst expectations for a 1.3M-barrel rise.
Lackluster gasoline consumption figures from the EIA and a dropoff in diesel demand kept prices from moving higher, says Again Capital's John Kilduff.
Four of today's top five gainers on the S&P 500 are in the oil and gas sector: FANG +9.8%, FTI +9.2%, OXY +9%, FTI +9%, EOG +7%.
Other noteworthy winners include OKE +6.8%, APA +6.6%, MRO +6.5%, SLB +6.1%, HAL +5.8%.
Oil majors XOM +4%, CVX +3.4%, BP +2.4%, RDS.B +2.2%.
ETFs: XLE, XOP, VDE, GUSH, OIH, BGR, ERX, DRIP, FENY, XES
My yahoo finance portfolio - Sept 16 2020 big gains oil stocks
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