XLE ETF has much territory to recover.
War keeps oil prices surging, sanctions and cuts in supply play their part in the boom of the energy sector.
On the long run still, I think we'll see it normalize in the sense that I don't think a reversion of the trend wouold be possible (meaning price surpass 100USD). Unless war times worsen.
Hopefully for all people involved in the armed conflict this situation will find it's end soon.
XLE
War keeps oil prices surging, sanctions and cuts in supply play their part in the boom of the energy sector.
On the long run still, I think we'll see it normalize in the sense that I don't think a reversion of the trend wouold be possible (meaning price surpass 100USD). Unless war times worsen.
Hopefully for all people involved in the armed conflict this situation will find it's end soon.
XLE