The MarketReader Minute
⚡️XLE Drops Sharply Amid Tariffs, OPEC+ Production Boost, and Market Concerns | Energy Sector Insights
(XLE) has experienced a significant decline, currently down sharply since Thursday. This drop coincides with a notable decrease in oil prices, attributed to President Trump's announcement of new tariffs and OPEC+'s decision to increase production by 411,000 barrels per day starting in May.