Expect Earnings Recovery for Energy ETFs

On the back of a significant output reduction announcement by the Organization of Petroleum Exporting Countries (OPEC) on Wednesday, the Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy, surged more than 5%. Reduced production from OPEC is an obvious catalyst and the energy sector is already the best-performing group in the S&P 500…Click to read more at ETFtrends.com.