Gaining strength: The outlook for energy shares is at the centre of a number of market themes. Exxon Mobil stock has surged 89% on the rising price of crude. — AFP
NEW YORK: Investors betting on US energy shares have enjoyed a blistering rally, as the sector leads a move into value and economically sensitive stocks that has gripped the equity market.
How much further that run continues could hinge on the success of the economic recovery, supply dynamics in oil markets and whether companies can stay disciplined on spending.
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