⚡️Hurricane Beryl Impacts Energy Sector Amid Stock Movements and Geopolitical Tensions,TotalEnergies Angola Deal | Energy Sector Insights
TRGP saw an increased price target from Barclays, indicating confidence in future performance. Steady oil prices supported by summer travel demand and geopolitical tensions contributed positively to the ETF's outlook amid potential disruptions like Hurricane Beryl approaching Mexico.
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Below are AI-generated insights on moves in the energy sector, powered by MarketReader technology.
Wednesday, July 3
XLE [+0.5%]
The Energy Select Sector SPDR Fund experienced significant movements in its holdings, with XOM leading the pack due to arbitration concerns impacting a key asset. TRGP saw an increased price target from Barclays, indicating confidence in future performance. Macro factors include focus on Canadian oil sands and pivot points suggesting bullish sentiment if prices break above $91.62 or bearish below $90.07.UTC'). Steady oil prices supported by summer travel demand and geopolitical tensions contributed positively to the ETF's outlook amid potential disruptions like Hurricane Beryl approaching Mexico.