Big Energy ETF Could Endure More Pain
August 07, 2019 at 12:50 PM EDT
The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy ETF, is lower by nearly 6% over the past week. Some traders are betting on more weakness for the benchmark energy fund. The trade war with China is intensifying pressure on oil prices and energy stocks, and some analysts...