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Forex news -forex broker review => Forex => Topic started by: forex4you on Feb 03, 2022, 04:07 am

Title: The Market Is Ignoring The Surge In U.S. Oil Output
Post by: forex4you on Feb 03, 2022, 04:07 am
The Market Is Ignoring The Surge In U.S. Oil Output

The energy sector’s bull run shows no signs of slowing down, with the sector closing comfortably at the top of Tuesday’s S&P sector standings, even as crude oil prices barely budged. The energy sector’s favorite benchmark, Energy Select Sector SPDR ETF (NYSEARCA:XLE), is now up 23.0% year-to-date vs. -4.6% return by the S&P 500. Oil prices have continued their early-year strength, with front-month Brent recording five days of higher intra-day lows and three days of higher intra-day highs over the past week. Brent blend for April delivery,...


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