With West Texas Intermediate prices firming back above $90 per barrel, it's as if some of the momentum so lacking amid the languor of energy equities late in 2012 has crept back into the energy sector. Anticipation of the Seaway pipeline expansion helped spark the move in WTI at year-end. However, energy equities showed little inclination to follow suit until the drama of the Fiscal Cliff played out. Then, in just the first several weeks of 2013, the EPX Index of energy equities chalked up a gain of 5.7%, ahead of 4.8% for the S&P 500.
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