After a Rest, Energy ETFs Can Keep Rallying
September 18, 2019 at 11:09 AM EDT
The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy ETF, rallied Monday on news that a drone strike hit major Saudi oil assets, crippling 5% of global daily crude output. The attack came at an oil processing facility at Abqaiq and at a nearby Khurais oil field on...