Energy Stocks Best Performers in S&P 500
July 1, 2008 - Category: Mining Stocks, Oil and GasSoaring oil prices helped ensure energy stocks remained the best-performing companies in the Standard & Poor’ 500 index in the second quarter and the first half of the year.
Through Friday, energy shares as a group shot up 14.9 percent for the quarter, and are up 6.3 percent for the year to date — one of only two sectors to post a gain in the first half.
The sector is tracking the meteoric rise in oil prices. In just the past three months, prices for the commodity soared 38 percent.
