In Thursday's Blitz Daily with Lance Ippolito, we take a look at blue-chip oil company BP as the energy sector continues to outperform.
January was a brutal month in the markets But while most sectors were getting their booties handed to them, energy stocks were cleaning up, gaining nearly 18% so far in 2022.
And with tech back on shaky ground — thanks a lot, Facebook/Meta — we’re seeing loads of institutional flow into lower-beta energy names.
One name hitting the tape Thursday is BP, as traders look for oil to march higher in the near term.
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