This oil refiner could get a boost as summer approaches. Using options to capitalize on the gains

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Markets,Personal Finance,S&P 500 Index

It's been a good year for stocks. The S&P 500 is up more than 9% year to date.

It's been a good year for stocks. The S & P 500 is up more than 9% year to date. It's been a better year for energy stocks. The Energy Select Sector SPDR Fund , which is made up of S & P 500 companies that develop or produce energy products, is up almost 17%. The move higher for energy stocks comes as West Texas Intermediate crude oil approaches the mid-2022 highs of $88.31 per barrel. Brent , while still well below its 2022 highs of $127.

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Markets Personal Finance S&P 500 Index Energy Select Sector SPDR Fund WTI Crude (Mar'23) ICE Brent Crude (Apr'23) United States Oil Fund LP Halliburton Co Schlumberger NV Schlumberger NV Kinder Morgan Valero Energy Corp Marathon Petroleum Corp Business News

 

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