June 27, 2012 at 16:03 PM EDT
‘Beaten-Up’ Energy ETFs Look to Recover with Oil Prices
The largest energy sector ETF jumped more than 2% on Wednesday as the fund tries to recover after falling to the lowest levels since October 2011 on plunging oil prices. The $6.1 billion Energy Select Sector SPDR (NYSEArca: XLE) was up 2.2% late Wednesday as crude oil prices climbed back above $80...
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