BGR News and Press, BlackRock Energy and Resources Trust From 12/02/20

The S&P 500 energy sector ([[XLE]] +4.3%) is today's top performer, rebounding from Monday's 5.4% thud which followed a one-third increase in November through the 27th.Today's strength is backed by higher oil prices, with January WTI crude (CL1:COM) +2.3% to $45.60/bbl, the EIA's weekly i...

CEFs may be more susceptible to tax loss selling given they trade on a stock exchange and market prices can deviate from underlying net asset values. Tax loss selling into year-end may continue to pressure CEF discounts in the short term. These wide discounts may offer long-term i...

The energy sector ([[XLE]] -1.5%) ranks among today's weakest performers but remains on track to finish the week with a more than 8% gain, which places it well ahead of the remaining 10 S&P groups.Key factors driving today's weakness include crude oil pulling back from its highest level i...

The S&P energy sector trades well behind peers but remains 11% higher for the week, as crude oil prices climb to the highest in more than eight months, after a surprise drop in U.S. crude inventories last week extended a rally driven by hopes that a COVID-19 vaccine will lift fuel de...

Crude oil (CL1:COM) trades at its highest level since March, and shares of oil companies are climbing in the pre-market as investors show confidence in the prospect of a reopening economy, with the demand outlook strengthening after a string of positive vaccine breakthroughs; January WTI ...

Crude oil futures (CL1:COM) pushed ahead to their highest settlements since early September after another positive step toward a COVID-19 vaccine, with added support from a smaller than expected weekly increase in U.S. crude inventories of 800K barrels.The American Petroleum Institute yesterd...

Crude oil extends (CL1:COM) gains on news of Moderna's highly effective COVID-19 vaccine; December WTI +4.3% to $41.85/bbl, January Brent +3.7% to $44.36/bbl.Prices also were helped by new data showing economic rebounds in China and Japan, with Chinese refineries processing the most...

Nowhere is this week's stock market tug of war between COVID-19 vaccine optimism and lockdown risk more evident than in the way energy stocks moved today compared to oil futures.The energy sector ([[XLE]] +3.6%) led the S&P 500 today and extended its gain for the week to 17%, adding to it...

Crude oil prices added to yesterday's big gains, as hopes for a COVID-19 vaccine on the horizon outweighed the expected negative effect on fuel demand of new lockdowns to curb the virus.December WTI (CL1:COM) closed +2.7% to $41.36/bbl and January Brent (CO1:COM) +2.9% to $43.61/bbl, after bo...

Crude oil prices surge above $40/bbl after Pfizer said its COVID-19 vaccine was 90% effective, and Saudi Arabia said an OPEC+ deal on production cuts could be adjusted to offset rising supply and weak demand.December WTI crude (CL1:COM) +8.8% to $40.41/bbl; January Brent (CO1:COM) +8% to $42....