⚡️XLE Rises Amid Oil Price Declines; Marathon Petroleum Beats Q4 Estimates Despite Lower Net Income | Energy Sector Insights
(XLE) has seen a price increase of 1.4% today. Oil prices have dropped significantly, trading down approximately 3%, amid geopolitical tensions following President Trump's announcement to delay tariffs on Canadian and Mexican imports.
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Tuesday, February 4
XLE [+1.4%]
Energy Select Sector SPDR Fund
The Energy Select Sector SPDR Fund (XLE) has seen a price increase of 1.4% today. Oil prices have dropped significantly, trading down approximately 3%, amid geopolitical tensions following President Trump's announcement to delay tariffs on Canadian and Mexican imports. This development has alleviated concerns about potential supply disruptions in oil markets. However, China's retaliatory tariffs on U.S. energy products, including coal and liquefied natural gas, may affect market sentiment regarding energy equities like XLE. Among the ETF's holdings, top contributors included Exxon Mobil (XOM), Chevron (CVX), and Marathon Petroleum Corp (MPC), the latter reporting strong fourth-quarter results with an adjusted EPS that beat estimates, despite a year-over-year decrease in net income.