Expect Earnings Recovery for Energy ETFs
December 01, 2016 at 10:15 AM EST
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...