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Why the Upstream Space Took Such a Hit Last Week

Robert Scott
Why the Upstream Space Took Such a Hit Last Week

Between December 7 and 14, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 7.8%—the biggest fall among major energy ETFs. A fall of 2.7% in US crude oil prices and a fall of 14.7% in natural gas last week could have dragged upstream stocks down.