| Consumers aren’t the only ones fueling up on cheap oil prices. Investors are adding energy stocks to their portfolios as West Texas Intermediate crude oil is showing signs of stabilizing. The Energy Select SPDR exchange-traded fund, which tracks energy companies in the S&P 500, is up 6.9% from its intraday low Jan. 13, outpacing broader market gains and oil itself, which are both up about 3% in the same period.
Oil, which has largely been in free fall since June, has weighed on major indexes, added volatility to markets and hammered the shares and earnings of many publicly traded energy companies. The Energy ETF has held up relatively well, falling 29% from June to January on the back of oil’s 59% plunge...............................................Full Article: Source
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