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Oil rallies more than $2 to finish the year with a flurry

There weren't many safe havens in 2022 but energy was one of them.

Oil finished today with a flurry, gaining $2.03 to $80.43 for the first annual close above $80 since 2013. It was far from a smooth ride though as oil surged to $130.50 on fears that Russian supplies would be cut off before falling all the way back to $70.08 earlier this month.

Further out the curve, prices have moved up and that's made energy the best sector in the S&P 500.

The volatility on the yearly cha... Read More

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Posted: Dec 30 2022, 20:33

Author Name: forexlive

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