US energy stocks ready to fall? ‘Bloodbath continues’

Dow, S&P, and Nasdaq rebound as commodities finish down on Thursday – Photo: Shutterstock

While US energy stocks have been a bright spot year-to-date, going 17% higher to become the top sector in 2022, the industry has dimmed over the last month, falling by 16% to become the worst performing sector over the last 30 days.

Piero Cingari, market analyst at Capital.com, said the change in energy stocks “may signal a shift in the trend.”

Companies like Chevron (CVX), ConocoPhillips (COP)…

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