Published on 8 Oct 2021 on ETF Trends via Yahoo Finance
Energy ETFs Rebound on U.S. Assurance of Maintaining Strategic Reserves
This article was originally published on ETFTrends.com.
Oil sector-related exchange traded funds regained their energy after the U.S. stated that it has no plans to release the country's oil reserves to dampen rising gas prices.
On Thursday, the ALPS Alerian MLP ETF (NYSEArca: AMLP) increased 1.8% and the JPMorgan Alerian MLP Index ETN (NYSEArca: AMJ) advanced 2.0%. The more widely observed Energy Select Sector SPDR Fund (NYSEArca: XLE) gained 0.8%.