Oil Trading Daily: Oil Closes Lower as Markets Brace for Macro Data
04.26.2023 By Tank Terminals - NEWS

April 26, 2023 [TIPRANKS]- The benchmark crude WTI fell 2.15% to settle at $77.07 in today’s trading session. Prices continue to hover below the $80 mark as markets brace for a slew of macro data as well as major earnings of the season.

A bout of volatility could be expected until the pivotal U.S. Fed meeting next week. Meanwhile, Natural gas also slid 1.45% to close at $2.307 per MMBtu but remains firmly above the $2 mark.

In addition, the United States Oil Fund ETF (USO) has lost 0.43% over the past five sessions now. Here is a list of energy stocks that can be influenced by the latest developments in the energy markets.

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