The reopening of the Chinese economy has triggered oil demand. In addition, a tight oil supply could push oil and gas prices up, which could consequently bode well for the energy sector. Against this backdrop, let us explore oil stocks Cheniere Energy Partners, L.P. (CQP) and CrossAmerica Partners LP (CAPL).
Macroeconomic headwinds and geopolitical turmoil shook almost the entire economy last year. However, the energy sector flourished, driven by high oil and gas prices. The Energy Select Sector SPDR Fund (XLE) has gained 5.7% over the past year, while the broader SPDR S&P 500 ETF Trust (SPY) plummeted 12.2% over the same period.
