Energy stocks face a holiday-week test as OPEC+ eyes April output hikes, Venezuela curbs ease
U.S. energy stocks rose Friday, with the Energy Select Sector SPDR Fund up 0.7% to $54.35, but crude benchmarks ended the week lower. OPEC+ is considering an oil output hike from April, with a decision expected March 1. The U.S. eased Venezuela energy sanctions, adding supply uncertainty. U.S. markets will be closed Monday for Presidents Day.