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The MarketReader Minute

⚡️Energy Sector Takes a Hit: USO and Major Stocks Drop Amid Falling Crude Prices, Geopolitical Uncertainty and Hurricane Disruptions | Energy Sector Insights

XLE has experienced a decline of 3.0% during Tuesday's market hours, primarily due to profit-taking as oil prices fell sharply. WTI crude dropped significantly, reflecting broader market concerns, particularly related to Hurricane Milton and disappointing economic stimulus measures from China.

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The MarketReader Minute

⚡️Middle East Tensions Fuel Energy Surge: XLE and USO Climb Amid Oil Price Rally, Major Acquisitions Boost Canadian Natural Resources and Chevron | Energy Sector Insights

XLE has recorded a notable increase for the week, marking its largest weekly gain since October 2022. This surge coincides with rising tensions in the Middle East, particularly following Iran's missile strikes on Israel, which have raised concerns about potential supply disruptions.

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