Higher-Than-Expected Oil Inventory Build Drags on Energy ETFs
June 12, 2019 at 17:13 PM EDT
Energy sector ETFs were among the worst hit in the risk-off selling on Wednesday as crude oil prices plunged on an unexpected rise in U.S. crude inventories and a weaker global outlook. Among the hardest hit ETFs, the Invesco S&P SmallCap Energy ETF (NasdaqGM: PSCE) declined 5.1% and SPDR Oil...
