Energy Stocks Slide: XLE Drops 1.9% Amid Oil Price Dip
Energy stocks registered declines Wednesday afternoon, with the S&P Energy Sector Index falling 1.7% and the Energy Select Sector SPDR Fund (XLE) dropping 1.9%. The retreat followed a dip in crude oil prices, as West Texas Intermediate crude shed 1.6% to $74.52 a barrel.
Watch the Energy Select Sector SPDR Fund ($XLE+WL) as it experienced a notable decline amid falling oil prices.