Fidelity Select Energy Portfolio Q4 2024 Review
2025-03-12 02:22:00 ET
Summary
- The energy sector returned -0.32% for the fourth quarter, as measured by the MSCI U.S. IMI Energy 25/50 Index, unperforming the 2.41% gain of the broad-based S&P 500® index.
- Among the larger industries within the MSCI sector index, oil & gas storage & transportation, which represented about 15% of the sector index, gained 18%.
- As of year-end, we expect oil prices to remain conducive to energy companies' corporate profitability – likely in the $70 to $90 per barrel range ? barring any major changes in the environment, such as a global recession.
Investment Approach
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Fidelity Select Energy Portfolio Q4 2024 ReviewNASDAQ: NESR
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