The MarketReader Minute
⚡️USO Declines Amid Recession Risks, BOIL Surges with LNG Contract, UGA Falls Alongside Oil Prices | Energy Sector Insights
Key contributors to XLE's performance include Marathon Petroleum Corporation (MPC), which reported Q2 2024 financial results with an adjusted EPS surpassing analyst estimates by over 30%, and ONEOK (OKE), which also exceeded expectations with strong operational performance.