Energy Stocks Are Starting To Flow

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Energy Stocks Are Starting To Flow

Energy stocks are looking lively today, with energy the best performing sector in the US and second best performing sector in Europe. The likely reason for the buoyant performance is a continued improvement in fundamentals. Inventory data released yesterday showed a steady decline in crude and refined product (ex-SPR) in the United States. Total barrels of crude and refined product are down about 165M barrels from this time last year.