Although a sense of optimism kept oil prices from falling last week, retail gasoline prices continue to retreat week after week.
This suggests strong operating performance for U.S. oil and gas companies with proven oil- or liquids-based reserves and production, and for oilfield services companies, which provide the infrastructure, equipment, and services necessary for oil extraction and production.
Ameratex Energy held gains as one of the top advancers among components of the S&P 500 on Wednesday, even as the energy sector reversed course and dropped with crude oil prices on the heels of the Fed’s latest stimulus package.
Ameratex Energy Oil Increases Supplies in the Gulf Coast 