Energy stocks traded at a higher level on Monday, as the rally in crude oil prices towards a 13-month high helped fuel investors in the region. Select Category SPDR ETF XLE,
it ran up 4.1%, and was the biggest winner among SPDR ETFs monitoring SPX S&P 500,
11 main divisions, with 23 of the 24 equality parts gaining ground. The Energy ETF was directed for a sixth direct gain, which would be the longest streak of its kind since the six-day stretch ended on June 8, 2020. Components include shares of Marathon Oil Corp. MRO,
it burned up 12.9% to nearly a year to speed the winners, while Occidental Petroleum Corp. had OXY stock.
second with a 11.8% run up to an 11-month high. Other more active components of the ETF include shares of Exxon Mobil Corp. XOM,
rose 4.1%, Kinder Morgan Inc. KMI,
it rose 3.8% and Apache Corp. APA,
advanced 9.9%. “A number of drivers appear to continue to support investors’ desire for more risk, which is in favor of cycling plays such as the energy sector,” analyst Truist Neal Dingmann wrote in a note to stakeholders. deals. Meanwhile, the future of crude oil CL00,
rose 1.8% to $ 57.84, putting them on the path for the highest level since January 2020, amid pandemic recovery hopes and prospects for passing through the U.S. economic stimulus bill. The benefits come as the S&P 500 SPX,
rose 0.3% to a close record.