How To Play The Selloff In Oil And Gas Stocks ...Middle East

OILPRICE - Economy
How To Play The Selloff In Oil And Gas Stocks
source : OILPRICE ( Middle East ) () 30
After finishing the week as the worst performing sector amid growing recession fears, the energy sector has been paring back losses with WTI crude up 1.7% to $79.79/barrel while Brent has added 1.3% to trade at $87.42/barrel in Wednesday’s intraday session. Risk averse sentiment also hit U.S. natural gas futures, with the front-month October contract falling nearly 10% over the past week to trade at $6.54/MMBtu. Oil prices are a long way off their mid-June peak, when Brent traded at $129/bbl. Since those peaks, stocks of companies that are…

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