AREC - Q2's top winners and losers in energy natural resources

SlavkoSereda/iStock via Getty Images WTI crude oil futures (CL1:COM) closed +0.7% to $73.47/bbl, as U.S. government data displayed another drop in domestic crude inventories. Over the last four weeks, total stockpiles including the Strategic Petroleum Reserve have fallen at a rate of 1.15M bbl/day, marking the largest four-week decline on a rolling basis in Energy Information Administration data going back to 1982. The record rate of drawdowns illustrates the strength of the oil demand recovery, as the U.S. emerges from months of lockdowns. At the same time, U.S. drillers have maintained discipline, as domestic crude production remains steady at ~15% below peak levels seen shortly before the start of the pandemic. For Q2, front-month Nymex crude jumped 24.2% in the best quarterly net and percentage gain since Q2 2020. Natural gas (NG1:COM) performed even better, rising 39.9% to $3.65/MMBtu for its strongest quarter since Q3 2020. Q2's top 10 gainers

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Q2's top winners and losers in energy, natural resources