--- title: "Pre-market trend | Energy Transfer (ET) steadily rises on 5/12, are oil and gas pipeline stocks attracting capital favor?" type: "News" locale: "en" url: "https://longbridge.com/en/news/286154718.md" description: "At yesterday's close, Energy Transfer's stock price rose by 1.99%, closing at $20.00, precisely standing at the integer mark, with a trading volume of approximately $288 million, maintaining a high level of trading activity. The MACD daily line established a bullish signal above the zero axis, further clarifying the signs of a short-term upward trend. As an important player in the oil and gas pipeline transportation sector, the recent steady rise in stock prices is highly consistent with the overall recovery of the sector. The day's performance was stable, with no significant fluctuations, indicating a calm and orderly buying rhythm. On the news front, the continuous rise in oil prices is the most direct factor driving the strength of the oil and gas storage and transportation sector. Brent crude oil has surpassed $104, and the uncertain prospects of the Iran ceasefire agreement, coupled with Saudi Aramco's indication that the normalization of the oil market may extend to 2027, have continuously strengthened market expectations for high oil prices. For midstream pipeline transportation companies like Energy Transfer, high oil prices mean increased upstream extraction activities and higher pipeline transportation volumes, while their \"toll collection\" business model inherently possesses anti-inflation properties. The Energy Select Sector SPDR Fund (XLE) also rose by 0.7% on the same day, and ExxonMobil recorded a 0.63% increase, with sector capital flows leaning towards warmth. From a technical perspective, the stability at the $20 integer mark is of symbolic significance, as this position serves as both psychological support and a short-term dividing line between bulls and bears. If it can continue to operate above this level, the upward space is expected to further open up. The volume performance is moderate but stable, consistent with the characteristics of a trending upward movement" datetime: "2026-05-13T13:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286154718.md) - [en](https://longbridge.com/en/news/286154718.md) - [zh-HK](https://longbridge.com/zh-HK/news/286154718.md) --- # Pre-market trend | Energy Transfer (ET) steadily rises on 5/12, are oil and gas pipeline stocks attracting capital favor? Yesterday's closing price for Energy Transfer rose by 1.99%, closing at $20.00, precisely standing at the integer mark, with a trading volume of approximately $288 million, maintaining a high level of trading activity. The MACD daily line established a bullish signal above the zero axis, further clarifying the signs of a short-term upward trend. As an important player in the oil and gas pipeline transportation sector, the recent steady rise in stock prices aligns closely with the overall recovery of the sector. The day's performance was stable, with no significant fluctuations, indicating a calm and orderly buying rhythm. On the news front, the continuous rise in oil prices is the most direct factor driving the strength of the oil and gas storage and transportation sector. Brent crude oil has surpassed $104, and the uncertain prospects of the Iran ceasefire agreement, combined with Saudi Aramco's indication that the normalization of the oil market may extend to 2027, have continuously strengthened market expectations for high oil prices. For midstream pipeline transportation companies like Energy Transfer, high oil prices mean increased upstream extraction activities and higher pipeline transportation volumes, while their "toll collection" business model inherently possesses anti-inflation attributes. The Energy Select Sector SPDR Fund (XLE) also rose by 0.7% on the same day, and ExxonMobil recorded a 0.63% increase, with capital flowing positively into the sector. From a technical perspective, the stability at the $20 integer mark is significant, as this position serves as both psychological support and a short-term dividing line between bulls and bears. If it can continue to operate above this level, the upward space is expected to further open up. The volume performance is moderate but stable, consistent with the characteristics of a trending upward movement. The defensive attributes of the oil and gas sector are particularly prominent in the current macro environment. The short-term trend is biased towards bullishness, with high oil prices and inflation providing a favorable fundamental backdrop for midstream oil and gas companies. However, it is important to note that if the geopolitical situation suddenly eases, leading to a rapid decline in oil prices, sector sentiment may quickly reverse, which is the biggest source of uncertainty at present. _This article only provides technical analysis and market information for reference and does not constitute any investment advice. 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