How Long Will The Epic Rally In Energy Stocks Last? ...Middle East

Energy stocks are enjoying their best market performance in years. They are also enjoying the best performance on the S&P 500 this year—at least so far.  After years of poor earnings, poor market returns, and investors pulling out of oil and gas stocks, conventional energy stocks have come back with a bang.  Oil rallied above $100 a barrel after Russia invaded Ukraine. Still, public U.S. shale firms have refrained from returning to their old spending ways of sinking all their cash flow (plus a lot of borrowed money) into drilling…

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