SA: Energy crisis fuels uptick in oil and gas company IPOs
SEEKING ALPHA reports: The IPO waters may be frigid, but that isn’t stopping a handful of ...
SEEKING ALPHA reports:
Energy (NYSEARCA:XLE) climbed to the top of Tuesday’s S&P sector leaderboard as crude oil prices rose on speculation that China is preparing to gradually exit its stifling zero-COVID policy.
Crude oil also was lifted by a Wall Street Journal report that said Saudi Arabia is on high alert for a potential Iranian attack, with an extra assist from a weakening dollar.
Front-month Nymex crude (CL1:COM) for December delivery settled +2.1% to $88.37/bbl, and January Brent crude (CO1:COM) closed +2% to $94.65/bbl, with both benchmarks snapping two-session losing streaks.
ETFs: (NYSEARCA:USO), ...