After rebounding in the first quarter, the Morningstar U.S. Energy Index sank in the second as oil prices ended the quarter roughly where they began. The Energy Index slipped 6% in the quarter to date through June 25 compared with a 3% gain for the Morningstar U.S. Equity Index (Exhibit 1).
Global energy index vs. global equity index - source: Morningstar Analysts
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Jeffrey Stafford does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.