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Nov. 25, 2020, 11:30 a.m. EST

Energy ETFs aim for best month on record as crude prices recover

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By Andrea Riquier

Exchange-traded funds that track the energy sector were lower midday Wednesday, but were on track for their best month on record. The Energy Select Sector SPDR Fund /zigman2/quotes/206420077/composite XLE +0.37% fell 1.5%, but has advanced 38.2% so far in November, its strongest monthly gain since 1998, when it was launched. The Fidelity MSCI Energy Index ETF /zigman2/quotes/202486535/composite FENY +0.09% was down 1.4% Wednesday, and has gained 37.9% in the month to date, about the same as the Vanguard Energy ETF /zigman2/quotes/202541791/composite VDE +0.17% . The price of oil has gained as investors grow more confident in an economic recovery thanks to COVID-19 vaccines. On Wednesday, West Texas Intermediate crude for January delivery /zigman2/quotes/211629951/delayed CL.1 -0.49% gained more than 1% at midday, to $45.35 a barrel on the New York Mercantile Exchange.

US : U.S.: NYSE Arca
$ 43.77
+0.16 +0.37%
Volume: 25.36M
Jan. 20, 2021 8:00p
US : U.S.: NYSE Arca
$ 11.77
+0.01 +0.09%
Volume: 858,646
Jan. 20, 2021 8:00p
US : U.S.: NYSE Arca
$ 60.27
+0.10 +0.17%
Volume: 1.09M
Jan. 20, 2021 8:00p
US : U.S.: Nymex
$ 52.98
-0.26 -0.49%
Volume: 65,299
Jan. 21, 2021 6:07a

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