Thanks for sharing//
@koolgal:With the ongoing Ukraine war and the current ban on Russian oil by US and its allies, oil prices will continue to rise. Basically the demand for oil has outstripped the supply as the international borders reopen and there is pent up demand for travel. Moreover investments for oil exploration and drilling have been lagging due to fear of recession. That's the reason why Energy stocks will continue to outperform. A good example is the recent bumper profits from Oil Giants Chevron and Exxon Mobil.I am bullish on
$Energy Select Sector SPDR Fund(XLE)$ and will continue to hold this ETF in my portfolio as a defensive play and a hedge against high inflation.
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