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3 Surprising S&P Leaders of 2021

TheMotleyFool

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The S&P 500 had a monster year in 2021, surging more than 27%. Two of the biggest fuel sources driving that rally were strong corporate earnings as the economy started rebounding from the pandemic and favorable monetary policies from central banks. Those catalysts helped propel most stocks higher.

However, some of the biggest gains came from a surprising sector: Oil stocks. Three of the 10 best-performing S&P 500 stocks last year were oil producers. Devon Energy (NYSE: DVN), Marathon Oil (NYSE: MRO), and Diamondback Energy (NASDAQ: FANG) all delivered gains of more than 100%. Here's a closer look at what drove this surprising performance in the oil patch.

Image source: Getty Images.

Source Fool.com

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