Saudi Arabia’s $70 Target Will Be a Boon for Energy Sector ETFs
This article was originally published on ETFTrends.com.
Energy sector-related exchange traded funds could begin to pick up ahead as the Organization of Petroleum Exporting Countries tighten their belts and target $70 per barrel crude oil, despite the increasing output of the upstart U.S. shale industry. The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy exchange traded fund, has gained 18.3% [...]