After having a year to forget in 2020, the energy sector has this year emerged as the best-performing of all 11 U.S. market sectors. Energy Select Sector SPDR ETF (NYSEARCA:XLE) is up 41% in the year-to-date, making the broader market S&P 500’s 11% gain appear downright anemic. Oil prices appear to have stabilized in the upper 60s, with WTI price finding support around $63 per barrel while Brent is seeing support around $65 per barrel.
The sector has a successful Covid-19 vaccination rollout and gradual recovery of the global economy…Why A Shale Comeback Could Be Disastrous For Oil Markets
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