Higher-Than-Expected Oil Inventory Build Drags on Energy ETFs

This article was originally published on ETFTrends.com.

Energy sector ETFs were among the worst hit in the risk-off selling on Wednesday as crude oil prices plunged on an unexpected rise in U.S. crude inventories and a weaker global outlook. Among the hardest hit ETFs, the Invesco S&P SmallCap Energy ETF (NasdaqGM: PSCE) declined 5.1% and SPDR Oil & Gas Equipment & Services [...]

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