Energy ETFs Fall Off As Demand Outlook Overshadows Inventory News
October 24, 2019 at 12:55 PM EDT
After some early morning gains, the Energy Select Sector SPDR Fund (XLE) is now pulling back, with concerns over the oil demand outlook offsetting yesterday’s surprise drop in crude oil inventories. The broader S&P Energy Sector is also falling, down 11% from a year ago. Just a day after...