Finally, Some Good News for Oil ETFs
August 20, 2020 at 15:11 PM EDT
The Energy Select Sector SPDR Fund (NYSEArca: XLE) and other energy ETFs are among the worst laggards among sector assets. Oil demand destruction at the hands of the coronavirus pandemic is a big reason why energy is one of the worst-performing groups in the S&P 500, but there is some good news...