{"id":163077,"date":"2020-04-22T21:32:20","date_gmt":"2020-04-22T21:32:20","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=163077"},"modified":"2020-04-22T23:34:15","modified_gmt":"2020-04-22T23:34:15","slug":"oil-rebounds-on-trump-tweet","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/oil-rebounds-on-trump-tweet\/","title":{"rendered":"Oil rebounds on Trump tweet"},"content":{"rendered":"

After two days of historic selling, oil rebounded Wednesday. A barrel of WTI soared over 20% to nearly $14, though it broke $16 at the opening bell while WCS rocketed 31% to $5. What triggered the rally was Trump tweeting<\/a> that he has instructed the U.S. Nacy to shoot down any Iranian ship that harasses American ones at sea. The renewed Middle East tensions, but lifted crude oil prices.<\/p>\n

Naturally, the energy sector on the TSX jumped 6.52%, closely followed by materials. Battered oil stocks catapulted Wednesday such as Torc Oil & Gas<\/a>, rising 14% and Surge<\/a> which lived up to its name with a 17.78% gain. Though the price of gold has been sideways recently, several gold stocks leapt, including Alamos<\/a>, up 11.46%.<\/p>\n

Similarly, American oil names regained some of their losses, such as Haliburton<\/a> which gushed more than 10%. Investors were also devour fast food companies like Chipotle Mexican<\/a>, which served up a 12.15% increase. However, the oil glut remains. OPEC’s historic 10% cut won’t start until May, and lockdowns still paralyze oil consumption (driving), though there’s rising talk of re-opening Europe and the U.S. and the COVID-19 pandemic is finally slowing.<\/p>\n

🛢 Torc Oil & Gas Ltd<\/a> +14%
\n🛢 Surge Energy Inc<\/a> +17.78%
\n🥇 Alamos Gold Inc<\/a> +11.46%
\n🛢 Halliburton Co<\/a> +10%
\n🌶 Chipotle Mexican Grill<\/a> +12.15%<\/p>\n","protected":false},"excerpt":{"rendered":"

After two days of historic selling, oil rebounded Wednesday. A barrel of WTI soared over 20% to nearly $14, though it broke $16 at the opening bell while WCS rocketed 31% to $5. What triggered the rally was Trump tweeting […]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-163077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/163077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=163077"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/163077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=163077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=163077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=163077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}