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Friday, 23 December 2016

Energy poised to be year’s big winner in turnround

Energy poised to be year’s big winner in turnround:

"What a difference a year makes. Having ended 2015 as the worst performing sector on the S&P 500, energy stocks are on track to become this year’s biggest winners as this month’s rally in crude prices further extended the sector’s gains.

Despite falling 0.2 per cent on Friday, the S&P 500 energy index is still up more than 25 per cent this year, making it the top gainer among the 10 main sectors tracked on the S&P.

The index has jumped 12 per cent since early November after it appeared increasingly likely that Opec would be able to reach an agreement to cut oil production."

'via Blog this'