Energy ETFs Jump on Speculation of OPEC+ Output Cuts
August 23, 2022 at 17:31 PM EDT
Energy-related exchange traded funds rallied Tuesday after Saudi Arabia and some other Organization of Petroleum Exporting Countries hinted that they could curtail crude oil production to help stabilize prices at an elevated level. Among the best-performing non-leveraged ETFs on Tuesday, the SPDR Oil & Gas Equipment & Services ETF (XES) advanced 4.2%, the iShares U.S. [...] The post Energy ETFs Jump on Speculation of OPEC+ Output Cuts appeared first on ETF Trends .
