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Why Oil ETFs Are Rising Again: (XLE)

TedTed
in The Bullpen
FYI: After a lull during the summer months, oil prices are on the rise again. Ahead of what has traditionally been the strongest quarter of the year, European Brent crude oil prices closed in on $80/barrel mark—just shy of the highest level of the year—while U.S. West Texas Intermediate (WTI) prices edged above $71, moving toward their high of the year around $75.

Even energy stocks, as measured by the Energy Select Sector SPDR Fund (XLE), are starting to rise again after briefly giving up most of their gains for the year in August.
Regards,
Ted
https://www.etf.com/sections/features-and-news/why-oil-etfs-are-rising-again?nopaging=1

M* Snapshot XLE:
https://www.morningstar.com/etfs/ARCX/XLE/quote.html
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