Energy ETFs: Solid Fundamentals, But Oil Prices Could Decline
This article was originally published on ETFTrends.com.
The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy exchange traded fund, gained a modest 0.40% in the third quarter, extending its year-to-date gain to 7%. While market observers acknowledge the energy sector’s fundamentals are solid, some believe current oil prices are too high. A combination of diminished global output and rising global [...]