Recession Fears Stir Energy: What Investors Should Know
Summary
- The combination of mounting recession fears and some profit taking put significant downward pressure on energy stocks even as oil prices were comparatively resilient.
- If there is a recession, energy stocks will likely fall, but midstream would be expected to fare better than other energy subsectors given its defensive qualities and generous income.
- While it’s clear that a recession would likely weigh on oil demand, it is very difficult to gauge how significant that demand impact would be – and the ultimate impact on energy stocks – given other supply and demand crosscurrents.
Source: https://etfdb.com/energy-infrastructure-channel/recession-fears-stir-energy-what-investors-should-know/
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