Is It Time to Buy the Dip in Oil, Energy Sectors?
December 27, 2019 at 08:00 AM EST
While most sectors are cheering the latest record run-ups in the major indexes, the energy sector has had little to celebrate this year as it’s languished for the majority of 2019 with single-digit gains. With a recent uptick in oil prices thanks to bullish data from the Energy Information Administration, is this a sign that it’s time to buy the dip in energy?