Environment

Oil wells are seen at an oil facility by the Highway 5 near Bakersfield in California, United States on November 27, 2022.
Tayfun Coskun | Anadolu Agency | Getty Images

Oil stocks showed signs of life Friday, boosted by a sharp rise in crude prices. It’s an overdue move that may portend a further recovery rally. However, the energy sector still posted another weekly decline.

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