Oil is one of the most actively traded commodities in this region. It is an important driving force of the economy. Globally, it's not only used as petroleum for travel and transportation purposes, but also as a component in producing consumer goods.
The increased volatility throughout recent years where supply and demand is constantly changing, so is the price of oil. There are various ways of investing in oil via cash or future contract, equities or ETF's. Oil demand has soared in the wake of energy crisis amid reopening of economies and easing travel restrictions.
Pioneer Natural Resources Co
Baker Hughes Co
Exxon Mobil Corp
|Company||Ticker||CMP (in $)||2020 Closing (in $)||52 Week Low (in $)||52 Week High (in $)||YTD Return (in %)|
|Pioneer Natural Resources Co||PXD||187.34||111.58||85.68||196.64||67.9%|
|Baker Hughes Co||BKR||25.28||20.21||16.95||27.66||25.1%|
|Exxon Mobil Corp||XOM||66.36||39.35||34.87||66.38||68.6%|
|EOG Resources Inc||EOG||97.11||48.19||40.12||98.2||101.5%|
|Suncor Energy Inc||SU||26.25||16.38||13.53||26.97||60.3%|
Dated: 9 Nov 2021
There are dozens of different oil benchmarks, with each one representing crude oil from a part of the globe. However, the price of most of them are pegged to one of the following three primary benchmarks:
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