FYI: Stocks have been getting all the headlines this year, and rightfully so. The S&P 500’s best start to a year in two decades is certainly worthy of attention. But lost in the commotion about stocks is another key asset—oil—which is also seeing its best start to a year in a long time.
WTI crude oil prices (the U.S. benchmark) surged 32.4% during the first quarter, good enough for the best Q1 since 2002—and the rally hasn’t let up. As of April 9, crude oil increased its year-to-date gains to 41.2% as West Texas Intermediate prices neared $65 per barrel.
Regards,
Ted
https://www.etf.com/sections/features-and-news/oil-etfs-rolling-best-start-2002?nopaging=1
