The U.S. Energy Information Administration (EIA) Petroleum Status Report was released today. Rohan Reddy, Research Analyst at Global X ETFs, and Jay Hatfield, Founder, CEO, and Portfolio Manager at Infrastructure Capital Advisors discuss what the report means for the energy sector. They talk about rising Crude Oil (/CL) prices, along with what that means for companies such as Exxon (XOM) and Chevron (CVX). They also mention that they are watching pipeline stocks and natural gas stocks, specifically mentioning InfraCap MLP ETF (AMZA).
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