Market commentary

The composition of oil supply and demand has shifted significantly over the past year.

Energy finished off a stellar Q1 as midstream took the lead in March.

Energy was the top-performing sector in the S&P 500 for the second consecutive month.

January marked a strong start to 2021 for the energy sector.

Energy ended the year on a high note but still endured one of its worst years on record in 2020.

Despite the rally, there still appears to be room to run for energy heading into 2021.