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Energy stocks enjoy broad rally as crude oil futures top $80 a barrel

Published Oct 08 2021 at 3:06 PM GMT
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  • Energy stocks enjoyed a broad rally Friday, as crude oil futures peeked above the $80-per-barrel level for the first time in seven years.
  • The SPDR Energy Select Sector ETF climbed 2 8%, with all 21 of its equity components trading higher.
  • Eight of the S&P 500's top gainers Friday are energy stocks.
  • Among the best performers, shares of APA Corp ran up 5 2%, Pioneer Natural Resources Co advanced 4 5%, EOG Resources Inc climbed 4 3%, Diamondback Energy Inc rallied 4 2% and ConocoPhillips tacked on 4 0%.
  • Meanwhile, continuous crude oil futures rose to an intraday high of $80.11 a barrel, the highest price seen since November 2014, before paring some gains to be up 1 8% at $79.




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  • Published Oct 8, 2021 3:06 PM GMT