The energy sector, battered by pandemic shutdowns in 2020, bounces back
The S&P 500 index’s energy sector is on pace for the biggest percentage gain on record, marking a comeback for a sector hard hit by early pandemic shutdowns.
The energy sector has gained almost 50% so far this year from a rebound in consumer travel, beating its last record of around 25% in 2016, according to FactSet data going back to at least 1990. Prices for U.S. crude and the global oil benchmark Brent crude have also gained over 50% this year.
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