S&P Energy Sector up 51% in Six Months
By: Giovanny Moreano | Quantitative Analyst
The S&P energy sector finished up February for the sixth consecutive month, with a gain of 51 percent. This is the longest winning streak since October 2007, when energy stocks rose for seven consecutive months and posted a gain of 34 percent.
The spike can be attributed to a sharp increase in crude oil prices, which have also gone up for six months in a row, settling at $96.97 per barrel on Monday, up 5.18 in February and 34.8 percent since late August.
As depicted on the table below, the energy sector has a 20 percent lead on industrials, the second best performing sector in the past six months.
Here is a look at the best performing stocks in February among the three best performing sectors in the last six months.
The spike can be attributed to a sharp increase in crude oil prices, which have also gone up for six months in a row, settling at $96.97 per barrel on Monday, up 5.18 in February and 34.8 percent since late August.
As depicted on the table below, the energy sector has a 20 percent lead on industrials, the second best performing sector in the past six months.
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