The oil and gas sector has lost much of the momentum it enjoyed earlier in the year largely due to persistent fears of demand weakness. The energy sector’s 7.1% return in the year-to-date has been well below the S&P 500’s 17.2% gain placing it 10th amongst 11 U.S. market sectors. According to StanChart, both up and down price cycles over recent months have been primarily due to spillovers from interest rates markets as well as a seasonal dominance of algorithmic trading.
Not surprisingly, Wall Street is increasingly turning…5 Best-Performing Oil & Gas Stocks In 2024
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