Oil Greased By Greece (USO, USL, UNG, XLE, IYE)

May 09, 2012

 

Talk that Greece could default on its debt obligations after elections over the weekend helped pull oil and energy ETFs lower yesterday, according to an article published on the Wall Street Sector Selector.

The oil and energy ETFs highlighted in the article and the amount they decreased include:

  • United States Oil Fund LP ETF (NYSEArca: USO) -0.49 percent
  • United States 12 Month Oil Fund LP ETF (NYSEArca: USL) -0.28 percent
  • Energy Select Sector SDPR Fund ETF (NYSEArca: XLE) -0.32 percent
  • iShares Trust Dow Jones United States Energy ETF (NYSEArca: IYE) -0.41 percent

 

The selling was focused squarely on oil-related funds, with the United States Natural Gas Fund (NYSEArca: UNG) rising 4.73 percent in Tuesday trade—an increase that lifted it above its 50-day average, according to article.

For more information, visit WallStreetSectorSelector.com.

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