REPX - This week's top winners and losers in energy natural resources
Serdarbayraktar/iStock via Getty Images WTI crude oil futures (CL1:COM) closed +1% to $74.05/bbl, racking up its fifth straight weekly gain and the best finish for the front-month contract since October 2018. as global oil demand is rebounding faster than supply. The reason for the "string of gains is pretty simple: Global oil demand is coming back faster than supply," Price Futures analyst Phil Flynn says. "U.S. oil production is sputtering and OPEC seems reluctant to add too many barrels even if it is clear that the global oil market is begging for more." Oil markets expect OPEC+ to increase production at next week's meeting, but not enough to satisfy the recovery's growing demand. Energy ([[XLE]] +0.5%) led this week's S&P sector standings, +6.6%. This week's top 5 gainers in energy and natural resources: [[LPI]] +32.9%, [[DLNG]] +31.3%, [[SM]] +27.4%, [[VTNR]] +25.4%, [[CPE]] +23.5%. This week's top 5 decliners in energy
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This week's top winners and losers in energy, natural resources