Energy Select Sector SPDR (ETF) (XLE) - $86.42 +0.28 (0.33%)
Fund DescriptionIn seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: oil, gas & consumable fuels; and energy equipment & services. The fund is non-diversified.
Analysis: Why the WTI-Brent oil spread closed in sharply
The spread between WTI crude and Brent crude traded sharply narrower. Before this increase in U.S. oil production, the two crudes had historically traded in line with each other.