04 Oct, 23

Crude Oil And Cold Hard Cash Dominate U.S. Markets

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Crude oil and low-risk, short-term cashlike investments emerged as the best-performing assets in the July-September quarter, while long-term bonds sold off heavily. Front-month WTI crude closed the quarter at $90.79/bbl, good for a 28.5% Y/Y gain and the best showing since Q1 2022, while front-month Brent crude ended the quarter at $95.31, up 27.2%. Energy stocks also enjoyed a productive period, with the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) returning 17%. XOP invests in stocks of companies operating across…

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