After outperforming the broader market for most of 2018, the Morningstar Global Energy Index dropped 22% in the fourth quarter through Dec. 20. (Exhibit 1), owing to the steep drop in oil prices that began in October.
Exhibit 1: Global energy index vs. global equity index
To view this article, become a Morningstar Basic member.
Jeffrey Stafford does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.