⚡️USO Rises with Crude Gains, Chevron Stalls on Valuation Concerns, YPF Surges Amid Key Gas Agreement News | Energy Sector Insights
(XLE) has seen a price increase of 0.9% since Friday. Federal Reserve Chair Jerome Powell's recent hawkish remarks have led to decreased expectations for interest rate cuts, affecting major equity indices and sentiment towards energy stocks.
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Monday, November 18
XLE [+0.9%]
Energy Select Sector SPDR Fund
Energy Select Sector SPDR Fund (XLE) has seen a price increase of 0.9% since Friday. Federal Reserve Chair Jerome Powell's recent hawkish remarks have led to decreased expectations for interest rate cuts, affecting major equity indices and sentiment towards energy stocks. Concurrently, geopolitical tensions related to U.S. support for Ukraine are raising concerns about potential disruptions in global oil supply chains. Social media discussions reflect a growing interest in XLE, with users noting a developing base and slight resilience in the energy sector despite broader challenges. Among its holdings, notable contributors included ConocoPhillips, ExxonMobil, and EOG Resources, with EOG filing for a senior notes offering. Additionally, oil prices (WTI) have risen by nearly 2%, aligning with the positive movement in XLE.