U.S. Oil Inventories Show First Gain in Six Weeks

The video discusses recent changes in oil inventories, highlighting a larger-than-expected build in oil inventories and a drawdown in gasoline and distillate inventories. It examines the market's initial negative reaction to these changes, noting a slight decline in oil prices. The video also highlights the strong performance of energy stocks in the S&P 500 this year, contrasting with their poor performance last year. Finally, it explores the potential for a 'Golden Cross' in oil prices, a technical indicator suggesting a possible rally.

How did energy stocks perform in the S&P 500 this year compared to last year?

What is the 'Golden Cross' and how is it related to oil prices according to the text?