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Stock impact report

Energy stocks are hot again. The rally could have more fuel to burn [Yahoo! Finance]

Marathon Petroleum Corporation (MPC) 
Last marathon petroleum corporation earnings: 1/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.marathonpetroleum.com
Company Research Source: Yahoo! Finance
Energy stocks are back in vogue. The S&P 500 index's energy sector has popped roughly 17% this year, making it the second-best performing category of the benchmark index behind communication services. Shares of Marathon Petroleum have climbed 43%, Exxon Mobil shares have added 22%, Occidental Petroleum shares have gained 16% and Halliburton shares have jumped 13%. These robust gains come after a lackluster year for energy stocks. The energy sector fell roughly 5% in 2023, underperforming the broader S&P 500's double-digit gains as concerns about the global economy hurt energy demand. That was a reversal from the prior year, when energy stocks soared more than 59% after Russia's invasion of Ukraine sent crude prices well above $100 a barrel. A surge in oil prices this year, driven in part by escalating tensions in the Middle East, has also helped prop up energy stocks. West Texas Intermediate crude futures, the US benchmark, settled at $85.02 a barrel on Thursday. Brent crude fu Show less Read more
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