Energy Sector ETFs Plunge as Trade Tensions, U.S. Inventories Deal a Double Whammy
This article was originally published on ETFTrends.com.
Energy sector exchange traded funds were among the worst performers Thursday as heightened trade risks concerns fueled bets of diminished oil demand from a global economic slowdown and updated data revealed rising U.S. crude inventory levels. Among the hardest hit ETFs, the Invesco S&P SmallCap Energy ETF (NasdaqGM: PSCE) and SPDR Oil & Gas Equipment [...]