SND - Energy names rebound on easing fears of Russian supply snags

Energy stocks finished in the middle of the pack this week, as crude oil prices pared their war-driven rally as sanctions on Russia so far avoid impacting the country's oil and gas exports and did not block Russia's access to the SWIFT financial system. "It seems that the U.S. and its allies want to inflict pain on Russia but do not want to impede their ability to deliver energy products to the world," TD Securities head of commodity strategy Bart Melek said. April WTI futures (CL1:COM) fell 1.3% on Friday to end at $91.59/bbl, settling +1.5% for the week after Thursday's intraday high of $100.54, while April Brent crude (CO1:COM) closed +4.7% for the week at $97.93/bbl after spiking to $105.79 after initial news of Russia's invasion of Ukraine. Most-active natural gas futures (NG1:COM) fell 3.7% Friday to $4.470/MMBtu on Friday, as the invasion failed to disrupt European supplies from

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Energy names rebound on easing fears of Russian supply snags