Energy ETF on pace for longest winning streak since 2023
The S&P 500’s energy sector is on a tear lately, with an exchange-traded fund targeting stocks in that part of the market on pace for its best week since 2023.
The Energy Select Sector SPDR Fund was up 1% in early afternoon trading Friday, on pace for an eighth straight day of gains, FactSet data show, at last check. That put the energy ETF on its longest winning streak since September 2023, according to Dow Jones Market Data.
U.S. oil prices are up so far this year, with West Texas Intermediate Crude trading at around $78 dollars a barrel on Friday, FactSet data show, at last check.