Oil tumbles 2% to 3-week low on strong dollar, profit taking

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Buy these oil stocks on a pullback - Goldman

October 3, 2023 7:40 AM EDT

Over the past three years, the energy sector has demonstrated substantial growth, with XLE ETF nearly tripling from its low point below $30 to close to $90.

However, this upward trajectory has not been without its share of defined pullbacks. In fact, there have been a total of eight pullbacks during this period, with three occurring in 2021, three in 2022, and two thus far in 2023, according to analysis by Goldman Sachs.

These pullbacks in... More