After a slow start to the year, energy has emerged as the sector to watch with crude oil futures soaring to a five-month high in the wake of escalating geopolitical tensions in the Middle East . Iran has vowed revenge on Israel after an airstrike on its embassy complex in Syria on Monday left two top generals and five military advisors dead, while yet another Ukrainian drone attack has struck one of Russia's biggest oil refineries . WTI crude for April delivery has rallied to $86.
76 per barrel while Brent May futures rose to $90.98. Lately, the energy sector has garnered the most momentum amongst 11 U.S. market sectors after rocketing 11.5% over the past 30 days; in comparison, the utilities sector has posted the second-highest gains after climbing 6.6% while the S&P 500 has notched 1.3% higher over the timefram
Source: News Formal (newsformal.com)
Energy Sector Crude Oil Futures Middle East Tensions Iran Israel Airstrike Generals Military Advisors Ukrainian Drone Attack Oil Refineries WTI Crude Brent May Futures Momentum U.S. Market Sectors
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