Oil ETFs Rejoice After OPEC Agrees to Production Cuts
November 30, 2016 at 13:53 PM EST
The Organization of Petroleum Exporting Countries concluded a deal to curb oil supply, its first cut in eight years, bolstering crude oil prices and energy-related ETFs. Leading market gains on Wednesday, the SPDR Oil & Gas Equipment & Services ETF (NYSEArca: XES) jumped 12.8%, PowerShares...
