Can The Energy Sector Maintain Its Crazy Momentum? ...Middle East

Is the pessimism in the fossil fuel sector overdone? Can investing in oil and gas still pay off over the long term? After years of underperformance, the U.S. energy sector has been displaying flashes of brilliance that suggest that it’s still got some legs to run. The sector has just managed to trounce all other 10 sectors of the U.S. economy in the first quarter of the current year, bouncing back from historical lows set in 2020. The Energy Select Sector SPDR ETF (XLE) has reeled off an impressive 30.8% return in Q1 2021, good for a 78%…

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