Oil Prices And Energy Stocks Rebound

Oil rebounded on Thursday morning, pushing up U.S. energy stocks higher, after three days of declining crude prices over concerns about global oil demand with rising COVID cases in major economies. Oil prices were up early on Thursday, despite continued concerns that renewed restrictions in China could hit oil demand in the world’s largest crude oil importer. In addition, many countries in Southeast Asia, where the vaccination rates are low, have been seeing a spike in new COVID cases in recent weeks, which also doesn’t bode well for…