In 2023, energy enterprises grappled with a formidable challenge, a stark departure from the robust rally witnessed in the two preceding years. The Energy Select Sector SPDR Fund (NYSEARCA:XLE), a vital benchmark, mirrored the plight of the doomed oil stocks with a 2.33% share price decline in the tumultuous past year. As we look ahead to 2024, projections indicate that crude oil prices will stabilize around the $80 per barrel range. Although the Organization of the Petroleum Exporting Countries
In this piece, we will take a look at the 15 worst performing energy stocks in 2023. If you want to skip our primer on the energy industry and recent trends, then head on over to 5 Worst Performing Energy Stocks in 2023. The energy industry is always at the center of global affairs. Humanity’s […]