In other words, the time is now for investors to start paying attention to energy equities and the related exchange traded funds, if they haven’t been doing that. Additionally, macroeconomic factors, including stubbornly high inflation and the specter of higher for longer interest rates are supporting gains for the energy sector. But on top of that, the recent crude price rally has been supported by strong production cuts from OPEC, particularly Saudi Arabia,” noted Martijn Rats, Morgan Stanley’s Global Commodity Strategist.