Shares of U.S. energy companies are soaring in the early days of 2022, driven by a shift to so-called value stocks and assets that stand to benefit from the steepest inflation in nearly four decades. The energy sector is up over 14% this year, against a 0.8% drop for the overall S&P 500. Energy also posted the biggest gains of any S&P 500 sector last year, rising nearly 48%.
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