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home / news releases / IEZ - Oil & Gas continues to trounce green energy

IEZ - Oil & Gas continues to trounce green energy

iShares U.S. Oil Equipment & Services
Oil & Gas ETFs continue their march to the topside as they inversely trade against many green energy-related names. Energy stocks are the top performing aspect of the market in Wednesday afternoons trading session, while specific green energy names are among the worst performers.Oil and Gas is currently trending upward as crude oil hit its highest trading levels in more than two years, dating back to October of 2018 yesterday after OPEC+ agreed to continue the current pace of gradually easing oil supply.Per the Guardian, new data divulges the fact that the United Kingdom, United States, Canada, Germany, France, Italy, and Japan committed $189B to support oil, coal, and Gas between January 2020 and March 2021, compared to spending $147B on clean energy.The investment community has pumped large amounts of capital into the oil and gas space as it has been the top-performing sector of the market year-to-date. Examining two different exchange traded

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Oil & Gas continues to trounce green energy
Stock Information
Company Name: iShares U.S. Oil Equipment & Services
Stock Symbol: IEZ
Market: NYSE
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