Energy stocks are the biggest winners this month as oil prices push higher. It's a sign the market rally is broadening beyond just Big Tech.
Energy stocks popped in March, with the Energy Select Sector SPDR Fund (XLE) up about 11% for the month. The stocks have benefited from the rise in oil prices (CL=F, BZ=F), which have been fueled by concerns about supply, especially after Russia ordered output cuts. Yahoo Finance's Ines Ferré breaks down what's happening in the sector. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
ExxonMobil (XOM) contrasts U.S. and Australia drilling permit processes, noting Australia's up to two-year delay impedes rapid development for future gas demand.