Energy was the second-best-performing sector of the S & P 500 last week, as investors flocked back into the stocks amid a recent dip in oil prices. Despite last week's rebound, the sector is still down about 5% in the past month, however, and oil prices are hovering near their Dec. 2021 lows.
Thummel sees global oil demand hitting a record high in 2023, with oil prices rebounding to a range of between $80 to $90 a barrel by the end of the year — even if a recession strikes. A different way to play oil Fund manager James Davolos has a different way to play the energy sector. He likes Viper Energy Partners , which owns a royalty portfolio of oilfield assets.
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