Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Investors in energy stocks hit the skids in the past three months. The price for West Texas Intermediate crude oil -- often used as a benchmark of U.S. prices -- sank below $60 per barrel Thursday, its lowest level since July 2009. "That takes the wind out of the sails of upstream companies that are getting less for their product," said Stewart Glickman, an equity analyst at S&P Capital IQ. Predictably, most energy ETFs are trading in lockstep with
Investors in energy stocks hit the skids in the past three months. The price for West Texas Intermediate crude oil -- often used as a benchmark of U.S. prices -- sank below $60 per barrel Thursday, its lowest level since July 2009. "That takes the wind out of the sails of upstream companies that are getting less for their product," said Stewart Glickman, an equity analyst at S&P Capital IQ. Predictably, most energy ETFs are trading in lockstep with
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