Crude oil extends rally to 7th week for first time since June, 2022consecutive week for the first time since June 2022, while October Brent — the international benchmark — also rose for a 7th straight week.September gasoline added 6.5% this week, the most in a week since early March, and rising for a 4th week in five.
The S&P 500 Energy Index turned in the best performance of the 11 main sectors in the S&P 500, rising 3.5% this week versus the S&P 500 Health-Care Index's 2.5% gain and the S&P 500's 0.3% loss.Fri, Aug 11 2023Energy stocks are suddenly leading the market on the day, this week, this month and this quarteron Friday, this week, this month and this quarter is — energy stocks. The group is outperforming both technology and the broader S&P 500 since June 30.
The S&P 500 Energy Index was recently ahead 1.4% on Friday, 3.4% for the week, 2.5% in August and 9.9% since the start of the third quarter.is performing still better, rising about 1.6% Friday, 3.4% for the week, 2.7% in August and 10.7% in the third quarter-to-date., which is higher by 1.4% on Friday, up 2% week-to-date, 1.4% in August, but 21.2% higher in the third quarter.