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ETF Analysis: Is The Energy Sector (XLE) Still A Long-Term Buying Opportunity?

Following a record-breaking 2022, investors are wondering whether energy stocks still have untapped potential for long-term returns. Oil prices have risen sharply in the last week, with WTI crude recording a 6% weekly gain and rising far above $70 per barrel on the back of lower-than-expected U.S. inventories and remarks from OPEC+ to maintain a tight supply throughout the year.

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