Energy ETFs Plunge as OPEC Looks to Higher Production

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Energy stocks and sector-related exchange traded funds plunged Friday as the Organization of Petroleum Exporting Countries and its allies consider raising production in light of the elevated prices. Oil equipment and services stocks were among the worst performers Friday, with the SPDR Oil & Gas Equipment & Services ETF (NYSEArca: XES) down 5.2%, PowerShares Dyanmic [...] Read more on ETFtrends.com.

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This article was provided by our partner Tom Lydon of etftrends.com.

This article appears in: Investing , ETFs

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