COM - Energy extends torrid 2021 start as crude pushes to 11-month highs

Energy leads the S&P sector standings by a wide margin for the second straight day, extending its strong start this year as oil prices add to gains at 11-month highs.The S&P 500 Energy ETF ([[XLE]] +2.9%) has rallied more than 14% YTD to its highest level since June and has climbed above its 20-, 50- and 200-day moving averages - suggesting more potential upside - with leaders including Occidental Petroleum ([[OXY]] +11.5%) and TechnipFMC ([[FTI]] +5.3%) both up more than 25% so far.Among today's noteworthy gainers: OXY, [[RIG]] +15.6%, [[APA]] +9.6%, [[MRO]] +9.1%, [[CPE]] +8.9%, [[HAL]] +7.6%, [[DVN]] +7.1%, [[SLB]] +4.7%, [[NOV]] +3.9%, [[COP]] +3.6%.The sector is at the highest since June and has climbed above its 20-, 50- and 200-DMAs, suggesting more upside possible."Energy clearly isn't a crowded trade with its weighting in the S&P 500 at an all-time low," Heikkinen Energy analysts say.February WTI (CL1:COM) +1.4% to $52.98/bbl,

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Energy extends torrid 2021 start as crude pushes to 11-month highs