Energy stocks touch highest since November as crude climbs

|About: Apache Corporation (APA)|By:, SA News Editor

Energy stocks top today's leaderboard, with the S&P 500 energy index up as much as 1.8% intraday to its highest since Nov. 12 as WTI crude racks up its fifth straight weekly gain - longest winning streak since November 2017 - and Brent crude closes above $70/bbl for the first time in five months.

Sparked by bullish U.S. employment data that eased fears about a decline in global crude demand and on expectations that an escalating conflict in Libya could tighten oil supplies, WTI settled +1.6% to $63.11/bbl and Brent closed +1.4% to $70.34/bbl.

J.P. Morgan analysts say U.S. energy stocks are poised to gain after underperforming both crude oil and the rest of the stock market.

Among today's gainers: DNR +7.3%, AR +6.5%, APA +6%, EOG +5.2%, FTI +4.2%, APC +4.1%, HES +3.6%.

ETFs: USO, XLE, OIL, UWT, UCO, VDE, XOP, DWT, ERX, OIH, SCO, BNO, DBO, ERY, DIG, BGR, GUSH, DTO, FENY, USL, IYE, DUG, DRIP, IEO, FIF, NDP, PXE, OLO, RYE, PXJ

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