Jaromir Ondra
Energy stocks continue to underperform halfway through 2024. The S&P500 rose, but that did not stop the energy sector from falling in Q2 2024 after gaining in the preceding Q1 2024. The price of crude oil fell in Q2 2024
Energy Stocks: Winners And Losers At The Beginning Of H2 2024
Summary
- The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024.
- There are a number of factors that seem to be weighing on the energy sector, although some stocks are affected more than others.
- Crude oil is hemmed in between two opposing forces, which are both trying to impose their influence on prices.
- The energy sector is likely to keep underperforming, but there is one wildcard out there that could shake up the sector.
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