⚡️XLE Sees Modest Gain Amid Rising U.S.-China Trade Tensions and Oil Supply Concerns | Energy Sector Insights
Among XLE's holdings, Exxon Mobil Corp and Chevron Corp contributed positively, with Exxon experiencing a price target adjustment by Morgan Stanley to $133, while BNP Paribas Exane lowered its target for Exxon to $93.
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Tuesday, April 15
XLE [+0.5%]
Energy Select Sector SPDR Fund
The Energy Select Sector SPDR Fund (XLE) has seen a daily return increase of approximately 0.95%. This movement coincides with escalating U.S.-China trade tensions, marked by President Trump's announcement of a substantial tariff hike on Chinese imports, raising concerns over global economic stability and potential oil demand impacts. Concurrently, the International Energy Agency has revised its global oil supply growth estimate for 2025 downward, attributing this adjustment to lower-than-expected production from major producers such as the United States and Venezuela. Among XLE's holdings, Exxon Mobil Corp and Chevron Corp contributed positively, with Exxon experiencing a price target adjustment by Morgan Stanley to $133, while BNP Paribas Exane lowered its target for Exxon to $93. Additionally, Williams Companies Inc. is set to release its first-quarter 2025 financial results on May 5, with a conference call scheduled for May 6.