Our commodities analyst Ian Culley couldn’t have said this any better:
Energy stocks refuse to lose.
We can’t deny the relative strength of the energy space, whether we’re talking about stocks or commodities. But it’s been equities over the raw materials for months now.
They just continue to grind.
Today’s trade takes us to Midland, Texas, home of the Permian Basin — one of the richest deposits of oil and gas in the world.
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