The price of oil rose about 7 percent over the last two days. U.S. stocks rose Tuesday as investors were relieved to hear Federal Reserve Chair Janet Yellen say the Fed would remain cautious in raising interest rates. While Orlando expects the price of oil to decline further, he said oil companies will still be able to make money if oil trades between $40 and $60 a barrel. "The market seems to have responded well to Dr. Yellen's tone of caution," said Phil Orlando, chief equity strategist for Federated Investors. Schlumberger gained 93 cents, or 1.2 percent, to $78.52 and Occidental Petroleum picked up $1.06, or 1.4 percent, to $77.16.

Source: ABC News June 21, 2016 14:35 UTC