Energy stocks were due for Friday’s rally. Here’s how we’re approaching our oil-and-gas names now

Oil wells are seen at an oil facility by the Highway 5 near Bakersfield in California, United States on November 27, 2022.
Tayfun Coskun | Anadolu Agency | Getty Images

Oil stocks showed signs of life Friday, boosted by a sharp rise in crude prices. It’s an overdue move that may portend a further recovery rally. However, the energy sector still posted another weekly decline.

Articles You May Like

Tesla is rumored to be planning a ‘more than $4.5 billion factory’ in Spain
World has lost battle to stop glaciers melting and sea level rising, UN meteorological chief says
Will Fiat bringing its top-selling EV to the US make it cool again?
Nurse accused of murdering baby boy ‘sabotaged his care to get attention of her crush’
Rice to leave West Ham after trophy win – chief