XOM - IXC: Energy Won't Stay This Low For Long

Of all the sectors that have disappointed investors, energy has to come near the top. Energy producers collapsed in 2008 and have never been able to catch a break since. Whenever performance improves as in 2013 and 2018, a new whirlwind of bad news arrives bringing oil prices to new lows.

As crude oil crashed to $20/barrel (87% below its $147 2008 peak), energy companies saw their stock price collapse in a move of total-capitulation by investors. Take a look at the iShares Global Energy ETF (IXC):

Data by YCharts

As you can

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