24.06.2015 - Examining Energy ETFs a Year After the Highs
It has been one year since the supply and demand disconnect in the oil market sent energy stock exchange traded funds spiraling downward, and the energy sector may still be under pressure without a meaningful rebound in crude prices. Since the June 2014 highs, the Energy Select Sector SPDR has declined 24.3%. The S&P 500 Energy Sector, the underlying benchmark for XLE, touched an all-time high of $737.09 a year ago but ended at $558.01 on Monday. Meanwhile, West Texas Intermediate crude oil futures plunged over 40% over the past year...............................................Full Article: Source
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