The set-up is a sharp contrast to 2022, when energy stocks were outperforming oil and the broader market. The stock market’s new darlings may be at least partly to blame as the artificial intelligence-themed investing craze has sent stocks such as Nvidia Corp. sharply higher this year.
Some of the divergence can also be traced to the struggles at specific large-capitalization oil stocks, such as Chevron Corp., which accounts for 17 per cent of the S&P 500 energy index. The stock has fallen more than seven per cent year to date, weighed down by concerns over a strike at a major liquefied natural gas project in Australia and disappointing production growth.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: