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Wall Street’s Sentiments Boosted Energy ETFs

Robert Scott
Wall Street’s Sentiments Boosted Energy ETFs

On January 3—10, major energy ETFs had the following correlations with US crude oil February futures: the VanEck Vectors Oil Services ETF (OIH): -44.8% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): -43.2% the Alerian MLP ETF (AMLP): -38.2% the Energy Select Sector SPDR ETF (