Is Oil Poised to Rise?

Is Oil Poised to Rise?

On August 27, US crude oil October futures rose 0.2% and settled at $68.87 per barrel. On the same day, the Energy Select Sector SPDR ETF (XLE) rose 0.7%. The rise in energy stocks might have contributed to the 0.8% and 1% rise in the S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA), respectively, on August 27. Read US Equity Indexes’ Gains and Oil Prices to learn more.

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