With the price of oil rallying again yesterday, energy stocks continue to attract renewed interest. Suncor Energy (SU.TO) for example, has jumped from the red zone to the Green Favored Zone in the SIA S&P/TSX 60 Index Report this week, returning to the top tier for the first time since November.
In the last week, Suncor has jumped 11.8%, compared with a decline of 0.5% for the S&P/TSX Composite Index and a drop of 2.5% for the S&P 500 Index. This has enabled SU.TO to climb 25 spots in the SIA S&P/TSX 60 Index Report this week to 11th place.
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