COM - Oil and gas sector sails to four-session win streak on OPEC+ compromise

Energy stocks ([[XLE]] +4.6%) again lead the S&P 500 sector standings, rising for a fourth straight day, Index Friday after OPEC+ agreed to ease production cuts next year.The sector has surged 9.7% just since the start of December, extending its Q4 gain to 32.3% compared with a 9.7% QTD gain in the S&P 500.Hopes for COVID-19 vaccines and continued stimulus are providing support for the sector and for oil prices, with January WTI (CL1:COM) +0.9% to $46.06/bbl and February Brent (CO1:COM) +0.8% to $49.11/bbl.All five of today's top gainers on the S&P 500 are oil and gas producers: [[FANG]] +10%, [[OXY]] +8.9%, [[EOG]] +7.4%, [[HAL]] +6.7%, [[MRO]] +6.7%.Diamondback is enjoying an extra bump after Truist upgraded shares to $54 from $52, citing "industry-leading well costs and impressive cash operating costs."Other noteworthy winners today include [[COP]] +5.6%, [[PXD]] +5.5%, [[CXO]] +5.5%, [[XOM]] +3.4%, [[CVX]] +3.1%, [[MPC]] +4%, [[PSX]] +6.1%, [[VLO]] +4.6%,

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Oil and gas sector sails to four-session win streak on OPEC+ compromise