Energy ETFs Maintain Momentum on OPEC+ Supply Outlook
August 29, 2022 at 18:14 PM EDT
Energy-related exchange traded funds maintain momentum as Saudi Arabia pushes the Organization of Petroleum Exporting Countries, along with its allies, to cut production as a way to maintain elevated crude oil prices. The Energy Select Sector SPDR (XLE), the largest equity-based energy exchange traded fund, gained 1.5% on Monday. Meanwhile, the United States Oil Fund [...] The post Energy ETFs Maintain Momentum on OPEC+ Supply Outlook appeared first on ETF Trends .