Oil ETFs Surge To One-Month High, Is A Big Rally Ahead?
October 06, 2015 at 15:18 PM EDT
While the broader market was stumbling Tuesday, energy-related exchange traded funds surged, with crude oil rising to a one-month high after an expected tighter oil supply outlook next year. The Energy Select Sector SPDR (NYSEArca: XLE) gained 1.7% Tuesday. Meanwhile, the United States Oil Fund...