The S&P 500 Energy Index is on track for the best month ever, gaining nearly 40%.
News that a Pfizer and BioNTech vaccine candidate was more than 90% effective in avoiding COVID-19 in its clinical trial has instilled more optimism in the markets.
If oil prices slip to around $20, we might see several dividend cuts in the space.
Given one of the best years for oil price, the energy sector enjoyed a strong surge.
The deal news has sparked a new wave of mergers and acquisitions in the energy sector, boosting shares of shale oil companies and ETFs.
The deal news has sparked a new wave of mergers and acquisitions in the energy sector, boosting shares of shale oil companies and ETFs.