Oil and gas companies have emerged as the only bright spot in a deeply bearish U.S. stock market, thanks to soaring commodity prices fuelled by the war in Ukraine. The S&P 500 ended H1 2022 with a 20.6% fall, marking its worst H1 since 1970. A combination of factors caused the slump, including surging COVID-19 cases driven by the Omicron variant at the beginning of the year, followed by Russia's invasion of Ukraine in February, decades-high inflation, and aggressive interest rate hikes from the Federal Reserve.
In sharp contrast, the…Oil And Gas Stocks Provide A Glimmer Of Light In A Dark Market
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