Is Now the Time to Buy Oil Stocks?
There's no question the $4 trillion energy sector has been home to the best performing stocks on the market recently. Over the past year, energy stocks have gained 72% on average while the next closest sector, utilities, rose less than 15%. In comparison, the broad market S&P 500 index lost 1%, and that started long before Russia invaded Ukraine.
It hasn't been much different in 2022 either, with the oil and gas stocks, in particular, leading the way. Energy is again on top with a 58% gain as utilities again ranked second with a less than 5% increase in value.
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Source Fool.com
