⚡️Oil Markets Weaken Amid Inventory Build and Geopolitical Tensions; Diamondback Energy Announces Leadership Change | Energy Sector Insights
(XLE) has seen a decline of 0.9% since Thursday. Among the ETF's holdings, notable contributors to the decline included ConocoPhillips (COP), ExxonMobil (XOM), Diamondback Energy (FANG), Baker Hughes (BKR), and Targa Resources (TRGP), all experiencing negative returns.
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Below are AI-generated insights on moves in the energy sector, powered by MarketReader technology.
Friday, February 21
XLE [-0.9%]
Energy Select Sector SPDR Fund
The Energy Select Sector SPDR Fund (XLE) has seen a decline of 0.9% since Thursday. Among the ETF's holdings, notable contributors to the decline included ConocoPhillips (COP), ExxonMobil (XOM), Diamondback Energy (FANG), Baker Hughes (BKR), and Targa Resources (TRGP), all experiencing negative returns. Additionally, Brent crude oil prices dropped significantly by 1.71%, which may correlate with the movement in XLE, reflecting broader market sentiment affecting the energy sector.