Energy companies tracked as a S&P sector rose above 47%, just ahead of the property’s gain of 42% – also the best ever – and technology added 33%, the best year since 2020. 32%, the best year since 2013, all tracked by the Dow Jones Market Data Group.
These sectors beat the overall performance of the S&P 500, which increased by 27% – the largest percentage increase in a year since 2019.
OIL COMES TO THE LARGEST ANNUAL WIN Since 2009: $ 75.21
Oil prices rose 55% in 2021 and closed at $ 75.21 per barrel. pipelines.
Energy-specific exchange-traded funds performed even better.
|USE||UNITED STATES OIL FUND LP||54.36||-0.74||-1.34%|
The United States Oil Fund, which reflects spot prices on U.S. oil, rose above 60%.
SPDR S&P Oil & Gas Exploration & Production ETF did the same.
|XOP||SPDR SERIES TRUST S&P OIL & GAS EXPL & PRODTN||95.87||-0.32||-0.33%|
Some shares in the XOP ETF rose by three-digit figures, including SM Energy, which rose 384%, and Callon Petroleum, which rose 263% for the year.
|SM||SM ENERGY CO.||29.48||-0.14||-0.47%|
What lies ahead in 2022?
Pulitzer Prize winner Daniel Yergin, now IHS Markit vice president and author of “The New Map,” says the Biden administration is changing its anti-oil tune, which will return America to energy dependence achieved under the Trump administration.
“You’ve seen this hub in the Biden administration … how are we to say, indifferent to the oil industry or not very interested in it, but in the last few weeks they’re suddenly actually saying to the oil industry, ‘oh, could you increase production? ‘ “Because they are worried about inflation, they are worried about gasoline prices and what the impact will be on the 2022 election,” Yergin explained.
Gasoline prices closed the year at $ 3.28 per gallon. gallon, a slight drop from the seven-year high hit this fall. A year ago, prices averaged $ 2.25, as traced by AAA.