© Edwardgerges risk
© Edwardgerges


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.


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