Energy sector posts big, net gains as crude oil prices head to three-month high

<p>On Monday, the energy sector saw a broad, and in many cases, strong recovery in the afternoon, as crude oil prices hit a 3-month high with growing hopes that a Potential COVID-19 vaccine would fuel economic recovery and generate demand for oil. . SPDR Energy Select Sector XLE exchange-traded fund, + 6.10%, rose 5.8%, to the highest close since August 17, with all 25 equity components trading higher. The ETF was the biggest winner of the 11 SPDR sector ETFs followed by the S&P 500 SPX, + 0.56% in 11 key sectors. The biggest winners were OXY stock of Occidental Petroleum Corp., + 15.90%, which rose 15.5%, and FANG stock of Diamondback Energy Inc., + 11.19%, which climbed 10.8%. CL00 crude oil futures, + 1.48%, climbed 1.5% to $ 43.05, to the highest close since August 26. Among the other more active stocks of the Energy ETF, stocks of Marathon Oil Corp. Exxon Mobil Corp. XOM, + 5.73% rose 5.4%, Kinder Morgan Inc. KMI, + 2.84% rose 2.8% and Halliburton Co. HAL, + 9.49%, rose 9.0 %. In comparison, the S&P 500 SPX, + 0.56%, nailed 0.4%.