HNRG - This week's top winners and losers in energy natural resources
SlavkoSereda/iStock via Getty Images U.S. crude oil closed higher today but barely enough to ease its biggest weekly drop since March, as the spread of the delta variant of the coronavirus threatens the near-term outlook for global fuel consumption. August WTI (CL1:COM) settled +0.2% at $71.81/bbl after touching an intraday low $70.41/bbl, finishing down 3.7% for its biggest weekly decline for a front-month contract since the week ended March 26. Oil markets also face the prospect of extra supplies from OPEC+, as the United Arab Emirates and Saudi Arabia appear headed for a compromise that would permit the UAE to secure a baseline adjustment, raising production. "Other producers will undoubtedly seek similar treatment and potentially prolong the deliberations heading into [OPEC's] August ministerial meeting," RBC Capital says. A stronger dollar also dimmed the appeal of commodities priced in the U.S. currency this week. Energy (XLE) was the worst performer among SP
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This week's top winners and losers in energy, natural resources