Why Energy Select Sector SPDR (XLE) Is Trading Higher
Portfolio Pulse from Henry Khederian
Energy Select Sector SPDR Fund (XLE) shares are trading higher by 2.04% to $78.94 amid supply uncertainty following an attempted rebellion by the Wagner Group in Russia. This volatility in oil supply can create opportunities for traders and investors to capitalize on price swings, potentially benefiting XLE.
June 26, 2023 | 6:10 pm
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XLE shares are trading higher by 2.04% amid supply uncertainty following an attempted rebellion by the Wagner Group in Russia, potentially benefiting the ETF.
The attempted rebellion by the Wagner Group in Russia has led to uncertainty in oil supply, causing price volatility in the oil market. This volatility can create opportunities for traders and investors to capitalize on price swings, potentially benefiting an ETF like XLE that tracks the performance of energy companies.
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