CNQ - Weekly Oil Markets Recap - Energy Stocks Saw Rare Sign Of Outperformance
Welcome to the weekly oil markets recap edition of Oil Markets Daily!
WTI finished the week down 4.43%.
Following a rather tame week of oil market volatility, WTI and Brent weren't immune to the broader tariff concerned sell-off that took place on Friday. The media reported on Thursday that President Trump was weighing another $100 billion tariffs on Chinese goods, which sent the broader markets reeling.
Despite the broader market finishing down this week by 1.38% for the S&P 500 (SPY) and 2.1% for Nasdaq (QQQ), energy stocks managed a very