The energy sector has outperformed the S&P 500 by its widest margin on record, driven by a nearly 50% surge in oil prices due to Middle East conflict. The S&P 500 Energy Sector has returned 36.5% year-to-date, while the broader S&P 500 has declined by 4.6%. Global oil supply has been cut by 7.4-8.2 million barrels per day, with significant production losses from Iraq and Saudi Arabia.
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