Oil’s well that ends well: energy stocks ride the crude rally

source: news (news:seeking-alpha)published 2026-10-23 15:04ingested 2026-10-23 15:32

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Oil’s well that ends well: energy stocks ride the crude rally

Oct 23, 2026, 11:04 AM ETState Street Energy Select Sector SPDR ETF (XLE), VDE, XOP, OIH, IXC, AMLPCO1:COM, CL1:COMBy : Sinchita Mitra, SA News Editor

The energy sector (XLE) hit a record high on Friday as crude oil prices climbed amid escalating tensions linked to the Iran conflict, raising concerns about disruptions to global energy supplies.

XLE rose $69.08, up 2.23%, taking its year-to-date gain to 54.5%. Brent crude

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