The MarketReader Minute
XLE gained 1.7% alongside rising oil prices fueled by geopolitical tensions. Top holdings Exxon and Chevron drove the move, with Exxon extending monthly strength and Chevron securing a major gas transport agreement.
The MarketReader Minute
Diversified Energy Co. PLC announced a $550 million acquisition of Canvas Energy, adding 147 MMcfe/d in Oklahoma production alongside reserves valued near $690 million. Meanwhile, crude prices surged above $63 per barrel after an Israeli strike in Qatar.
The MarketReader Minute
(XLE) +1.5% surged to $89.32, its highest level since April, as U.S. crude inventories fell by 2.39M barrels, beating forecasts and pushing oil prices higher. Geopolitical tensions over potential sanctions on Russia further supported the sector, with ExxonMobil and Chevron leading gains.
The MarketReader Minute
(XLE) declined 0.62% amid fresh pressure from falling WTI prices and OPEC+'s decision to boost production, raising oversupply fears. Key names like ONEOK, Williams, and Diamondback Energy posted losses, while USO also fell, mirroring bearish sentiment across crude markets.
The MarketReader Minute
(XLE) dropped 2.0% on Wednesday, pressured by a surprise 7.7 million barrel rise in U.S. crude inventories and renewed geopolitical concerns. Energy heavyweights Chevron (CVX), ExxonMobil (XOM), and Schlumberger (SLB) led the decline.
The MarketReader Minute
(XLE) is up 0.9% since Monday, supported by a landmark U.S.-EU trade agreement securing \$750B in American energy purchases over three years. Crude oil prices have risen nearly 0.7% to \$67, with Brent up 3.28%. Top contributors include Exxon Mobil, ConocoPhillips, and Williams Companies.
The MarketReader Minute
The Energy Select Sector SPDR Fund (XLE) rose 0.6% today, boosted by a new U.S.-Japan trade deal and rising crude prices. Chevron (CVX) led gains after receiving approval to resume operations in Venezuela. Other top performers included XOM, Williams Companies, Kinder Morgan, and ConocoPhillips.
The MarketReader Minute
The Energy Select Sector SPDR Fund (XLE) rose 1.5% after a larger-than-expected drop in U.S. crude inventories and news of a major U.S.-Japan trade deal. Key contributors included Chevron and Exxon, while Baker Hughes surged on earnings and ConocoPhillips approached a major asset sale.
The MarketReader Minute
(XLE) fell 1.18% amid escalating trade tensions following President Trump's announcement of a 30% tariff on EU and Mexican imports. Crude oil prices declined over 2%, with WTI slipping to $68.78, dragging down major holdings like ExxonMobil and Chevron.
The MarketReader Minute
(XLE) closed flat in after-hours trading, despite strong performances from key holdings like Chevron (+4.0%), Exxon Mobil (+2.8%), and BP (+3.4%). Halliburton led gains with a 6.0% surge after securing a major well-control contract in Kuwait.
The MarketReader Minute
The energy sector underperformed sharply despite rising geopolitical risk. U.S. airstrikes on Iranian nuclear sites elevated supply concerns, yet Brent crude fell sharply. XOM and CVX led the decline, while the sector recorded its largest weekly inflow since October 2023.
The MarketReader Minute
The energy sector rose sharply today, supported by rising oil prices amid intensifying military exchanges between Israel and Iran. Brent crude extended gains, and ETF flows hit their highest since October 2023, according to BofA. Top performers within XLE included Exxon, Chevron, and Valero.
