Goldman Sachs downgrades WFRD to Neutral, lowers target price to $98. Analyst expects earnings growth but prioritizes debt reduction in current environment.

The combination of factors has driven energy stocks and ETFs. In fact, many ETFs hit new 52-week highs in the latest trading session.

Given the solid outlook but somewhat bearish near-term sentiments, investors may want to consider staying on the sidelines for the time being.

Although the Fed likely will raise rates another 50-75 bps in July, it will not raise as much as the market is pricing in, and indeed the Fed may instead be forced to ease later this year or early next year.

Oil prices have been surging over the past few weeks, driven mainly by supply disruptions and rising demand.

Here are five ETFs & stocks that were at the forefront of the energy sector rally so far this year.

Oil price jumped to the highest in six weeks buoyed by signs of tightening supply, following a bigger-than-expected decline in crude stockpiles and expectations of an increase in demand as vaccination roll-outs widen.