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Energy ETFs Break Out on Higher Oil Prices

Energy stocks are finding new life as oil prices climb and climb. Shares have been dead money for a while and seemed totally disconnected from crude prices, but investors have since come around. In a scan of more than 2,100 ETFs that closed last week at new highs relative to the MSCI All-Country World Index, energy ETFs "dominate" both on an absolute and relative basis, as Ned Davis Research Group's ETF strategist Will Geisdorf wrote in a report published Monday.