Stocks Grind Higher As Focus Turns From Capitol Chaos To Coming Stimulus (SPY +0.6%). Crude oil flow from Saudi Arabia to U.S. falls to zero.
Here is the current market situation from CNN Money
European markets are mixed today. The CAC 40 is up 1.19% while the DAX gains 0.36%. The FTSE 100 is off 0.63%.
What Is Moving the Markets
Here are the headlines moving the markets.
How To Play 2021s First Oil Rally Oil-and-gas stocks are just coming off one of their most tumultuous years in history. In 2020, the oil and gas sector was hit with a triple-whammy of a senseless price war between two of the largest producers; unprecedented destruction in energy demand and the inexorable march of the clean energy and ESG megatrends. Those factors worked in tandem to condemn the sector to another annus horribilis where it, yet again, emerged as the worst-performing of the U.S. 11 market sectors. But the oil and gas sector is once again proving that it might