Previously Unthinkable Oil Forecast Boosts Energy ETFs
May 21, 2020 at 12:09 PM EDT
For much of this year, the Energy Select Sector SPDR Fund (NYSEArca: XLE) and rival equity-based energy ETFs were under duress as oil prices sank due in large part to waning demand, a scenario hastened by the coronavirus pandemic. In a stunning reversal of fortune, it now appears that as the U.S....