Shares of several oil and energy companies are trading highe...

Moomoo Recap US wrote a post · Mar 31, 2020 18:31

Shares of several oil and energy companies are trading higher after US President Trump and Russian President Putin agreed to talks with the aim of stabilizing energy markets. Oil has been hurt this year by lower demand as well as a price conflict between Russia and Saudi Arabia.
The basic materials sector became the only green in the market:

Source: finviz

$Occidental Petroleum (OXY.US)$ $Energy Select Sector SPDR Fund (XLE.US)$
$Petroleo Brasileiro SA Petrobras (PBR.US)$

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