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EIA - Energy Lag: Sector Earnings Seen Sagging Despite Crude Prices Rising In Q4
Eaton Vance California Municipal Bond Fund II of Beneficial Interest $.01 par value
Even before tension spiked in the Middle East on Jan. 2 when the U.S. assassinated an Iranian military official, crude was on the rise.
Now, we're heading into the Energy sector reporting season with oil prices in a state of flux-having touched their highest levels since April of last year and then fallen back below $60-all within the same 24-hour period. This after what looked like an escalation of tensions between the U.S. and Iran - airstrikes against U.S. military facilities - followed by what appears to be cooler heads prevailing.