The energy sector, including crude oil, oil products, natural gas, and ethanol swaps, posted an 8.78% gain in Q2 2024 and was 10.98% higher over the first six months of this year. While natural gas led the sector higher in Q2, gasoline edged out the gas as the leader over the first half of 2024. Crude oil, oil products, and ethanol posted double-digit percentage gains over the first six months of 2024. Crack spreads reflected seasonal factors, while coal for delivery in Rotterdam declined in the first two quarters. The XLE, a diversified oil company ETF, was lower in Q2 but increased over the first six months of this year.
Crude Oil edged lower in Q2 but was higher over the first half of 2024
