Energy (XLE) sprinted to the top of this week's sector standings by a wide margin, +6.6%, and every member of the S&P 500 Energy Index gained Friday, riding a rally in crude prices.
As the EU remains split on imposing outright bans on Russian oil, analysts at Rystad Energy said India and China could import more Russian barrels to boost their refined products output.
By Scott DiSavino NEW YORK -Crude prices slid 2% on Thursday after the European Union (EU) could not agree on a plan to boycott Russian oil and on reports
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Energy <<XLE>> was the easy winner of Monday's S&P sector standings, with crude oil prices climbing to their highest finish in nearly two weeks as European Union