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Oil Can’t Push Energy ETFs Alone

Robert Scott
Oil Can’t Push Energy ETFs Alone

On September 27–October 4, major energy ETFs had the following correlations with US crude oil November futures: the Alerian MLP ETF (AMLP): 87% the VanEck Vectors Oil Services ETF (OIH): 83.1% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 80% the Energy Select Sector SPDR ETF (XLE): 74.3%