Trump's $750 Billion Coup In Europe Could Bring Energy Stocks Back From The Dead

U.S. energy stocks have trailed behind the broader market this year. Still, President Donald Trump's $750 billion trade agreement with the European Union may be the catalyst to reverse that underperformance.

CVX stock is up 8% in July. See the chart here.

While headlines fixated on the 15% tariff rate the U.S. will apply to European imports, a far more consequential detail went largely overlooked: the EU has agreed to purchase $750 billion worth of U.S. energy exports over the next three years, a sharp increase from the roughly $100 billion imported annually today.

Market Reaction: Energy Stocks Catch A Bid

The U.S. energy sector welcomed the move. The Energy Select Sector SPDR Fund (NYSE:XLE) climbed 1% on Monday, outperforming all other sectors. ...