Xle ETF News

Shares of oil companies are enjoying a broad rally Tuesday, after crude oil prices bounces sharply to turn positive, shrugging off President Biden's announcement of a plan to release 50 million barrel

BlackRock The Fed''s Wall Street Croupier Authored by David Stockman, Central banks have not merely inflated the bejesus out of assets prices. They have also caused the very foundations of financial markets to metastasize, yielding an endless array of new products that have no real economic function except to facilitate new forms of pure wagering. Foremost among these are exchange traded funds (ETFs). If you are inclined to give the latter the benefit of the doubt, you might well ask why the world was so benighted as recently as 2003 that only $204 billion of these swell financial instruments existed a figure which is just 2.6% of the $7.74 trillion currently outstanding. That is to say, if ETFs were the spawn of free markets and actually facilitated honest price discovery in primary and secondary capital markets, they would have been invented and institutionalized long ago; and upwards of 80% of outstandings would most certainly not have materialized just during the past eight years.

The energy sector took a broad beating Friday, and was the weakest of the S&P 500''s 11 key sectors, after crude oil prices were slapped down by fears that rising COVID cases in Europe will drive down demand. The SPDR Energy Select Sector ETF dropped 3.5%, with all 21 equity components losing ground, and has lost 5.5% amid a three-day losing streak. The biggest loser was Devon Energy Corp.''s stock , which slid 5.6%. Among other more active components, shares of Exxon Mobil Corp. slumped 4.3%, Marathon Oil Corp. gave up 4.3%, Occidental Petroleum Corp. lost 4.9%, Schlumberger Ltd. fell 5.1% and Chevron Corp. declined 2.2%. Meanwhile, crude oil futures shed 3.7% toward a seven-week low. The energy sector ETF has still run up 19.8% over the past three months, while crude oil futures have climbed 18.9% and the S&P 500 has gained 7.0%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

The energy sector took a broad beating Friday, and was the weakest of the S&P 500's SPX, +0.23% 11 key sectors, after crude oil prices were slapped down by fears that rising COVID cases in Europe will

Carter Worth of Worth Charting looks at the technicals behind oil. With CNBC's Courtney Reagan and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Karen Finerman.

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Considering inflation is one of the critical economic issues today, investors and analysts would benefit from in-depth research regarding its causes and effects. Inflation is rising due to production

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