XLE Breaks 2022 Highs: 10 Energy Stocks Outpacing the Market - Ready for Energy Surge?
@MillionaireTiger:
The energy stock market has witnessed a significant surge, with the $Energy Select Sector SPDR Fund(XLE)$ surpassing its 2022 highs, reaching $98.47 per share yesterday. Surprisingly, energy stocks have outperformed the S&P 500 index this year, with $Marathon(MPC)$ leading the pack with an impressive surge of 42.21%.The chart below shows energy stocks that outperformed the market:Amidst the escalating tensions in the Middle East and the onset of the election season, it makes sense to engage in some tactical energy trading alongside existing investments in oil and gas.Currently, energy traders anticipate a squeeze on summer oil deliverable supply, leading to a sharp depletion in inventories. This is refl