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Oil and the Fall in Energy ETFs

Robert Scott
Oil and the Fall in Energy ETFs

On May 17–24, major energy ETFs’ correlations with US crude oil July futures were: the Alerian MLP ETF (AMLP) at 92.6% the VanEck Vectors Oil Services ETF (OIH) at 85.9% the Energy Select Sector SPDR ETF (XLE) at 84.7% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 76.2%