Brands Rally

Stocks climbed on Wednesday. Energy brands such as PetroChina, Total, Schlumberger, and ConocoPhillips led the way. Crude oil added 1.7% to settle at $48.79 a barrel following a decline in crude oil inventories. Energy Information Administration figures, released today, showed reserves decreased by 4.2 million barrels last week.

Session Ends in the Red

Indices closed in the red zone on Monday. Energy brands such as Chevron, ConocoPhillips, Schlumberger, and BP led the way down. West Texas Intermediate crude slipped 1.6% today to settle at $47.39 a barrel. Meanwhile, Qualcomm added 0.57% following a Morgan Stanley ratings upgrade to “overweight” from “equal weight.”