Many companies distribute a portion of their earnings to investors, enabling them to generate some passive income. Two monster passive-income producers are Energy Transfer (NYSE: ET) and Crestwood Equity Partners (NYSE: CEQP). A $10,000 investment spread between these two energy companies could produce $2,000 of passive income in as little as two years.
In the latest trading session, Energy Transfer LP (ET) closed at $10.97, marking a -1.26% move from the previous day.
Oil prices bounced higher on Wednesday. Notable names on the upswing today were Chevron (NYSE: CVX), Devon Energy (NYSE: DVN), Phillips 66 (NYSE: PSX), and Energy Transfer (NYSE: ET). Here's a look at what's fueling the oil market's rebound and how it impacts these companies.