|Bid||50.05 x 1000|
|Ask||50.40 x 1200|
|Day's Range||49.87 - 50.90|
|52 Week Range||30.03 - 84.62|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-40.14%|
|Beta (5Y Monthly)||2.01|
|Expense Ratio (net)||0.10%|
The oil & gas industry is comprised of companies involved in the exploration, extraction, refining, and transportation of oil and gas products. The industry also includes companies that provide drilling and well-maintenance services.
Exchange-traded funds that track energy companies charged higher Tuesday on the heels of a 3% bounce in the price of crude amid reports that major producers may agree to extend caps on output that terminate at the end of June for one or two more months. The Energy Select Sector SPDR Fund rose 2.6%, making it the biggest gainer among the S&P 500 sectors midday. The Vanguard Energy ETF was also up 2.6%, and the SPDR S&P Oil & Gas Exploration & Production Fund popped 3.3%. XLE, the largest fund tracking the energy sector, is up nearly 13% over the past month, but has still lost about one-third of its value in the year to date. XOP, a popular way to play exploration bets, is up 10% in the past month, but has still lost about 42% of its value throughout 2020.
Oil prices have staged a rapid comeback, fueling more upside in some energy ETFs than others.