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What Drove Energy ETFs Higher?

Robert Scott
What Drove Energy ETFs Higher?

On May 3–10, major energy subsector ETFs’ correlations with US crude oil June futures were: the VanEck Vectors Oil Services ETF (OIH) at 45.6% the Energy Select Sector SPDR ETF (XLE) at 34.6% the Alerian MLP ETF (AMLP) at 13.1% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at -13.1%