PVAC - Talos tops this week's energy nat resource winners Spire biggest list
Crude oil (CL1:COM) snapped 7-day losing streak at the start of the week, ending the first day up 5.6% to $65.64. The crude oil jump was largely fueled by a return of risk-on investor sentiment that has weakened the dollar despite demand concerns prompted by rising cases of the coronavirus delta variant. Crude Oil ended the week with a 10.27% gain to $68.72. Brent futures also rebounded from their 7-day losing streak, ending week 11.4% higher to $72.75. Energy sector gain of 7.3% this week offsets last week fall. Energy tops sector gainer list with 7.3%, outpacing S&P 500 gain of 1.5% by a huge margin. Energy Select Sector SPDR ETF (NYSEARCA:XLE) rose 4.91%, while SPDR S&P 500 Trust ETF rose 1.13%. The U.S. Energy Information Administration reported crude inventories fell by 3M barrels in the last week to 432.6M barrels, a bit ahead of the same time in 2019 before the pandemic, and refiners rose production to 92.4% of operable capacity,
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Talos, tops this week's energy, nat resource winners, Spire biggest list