ERX News and Press, Direxion Energy Bull 3X Shares From 12/19/20

WTI futures (CL1:COM) (USO) settled above $49/barrel for the first time in nearly 10 months on Friday. Brent futures (CO1:COM) settled above $52/barrel and are also around prices not seen since late February.WTI has kept up momentum this past week, breaking through round-number resistance at ...

The S&P energy sector ([[XLE]] -1.2%) ended as today's weakest sector performer but bounced off its worst levels and was the only group to hold a week-to-date gain, as U.S. crude oil posted its sixth straight week of gains.January WTI (CL1:COM) settled -0.5% at $46.57/bbl, while February ...

Brent crude (CO1:COM) exceeds $50/bbl for the first time in nine months, as hopes of a faster demand recovery after the release of COVID-19 vaccines outweighs a huge rise in U.S. crude inventories.February Brent +4.4% to $51.01/bbl; January WTI (CL1:COM) +4.7% to $47.65/bbl.Energy ([[XLE]] +4...

XLE has risen ~50% since its October 29 low, and in the process, looks to have formed a solid base despite still-widespread pessimism over the outlook for the sector. Despite the strong gains, the Energy sector's share of total U.S. market cap remains minimal, far below the level that...

The $226B New York State Common Retirement Fund says it will eliminate many of its fossil fuel stocks in the coming years, as it plans to shift its investments to reach a net-zero greenhouse gas emissions portfolio by 2040, New York State Comptroller Thomas DiNapoli said today.In addition to ...

The Trump administration has moved to make it harder to justify stricter air pollution limits in future federal environmental rules, which it hopes will protect the private sector from aggressive regulation by the Biden administration.The final rule makes changes to the Environmental Protecti...

Oil and gas stocks ([[XLE]] +1.9%) are off to another strong start, as crude oil futures edge higher on optimism about prospects for a new round of U.S. coronavirus spending; January WTI (CL1:COM) +1% to $46.05/bbl, February Brent (CO1:COM) +1% to $49.36/bbl.The Direxion S&P Oil and ...

Energy stocks ([[XLE]] +4.6%) again lead the S&P 500 sector standings, rising for a fourth straight day, Index Friday after OPEC+ agreed to ease production cuts next year.The sector has surged 9.7% just since the start of December, extending its Q4 gain to 32.3% compared with a 9.7% QTD g...

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...

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...