Energy stocks this week: U.S. sector ETF holds flat as oil falls
Energy stocks in the U.S. head into a short week trading with a more defined separation than crude futures show. Brent crude has pulled back, shedding most of its war risk pricing. But the Energy Select Sector SPDR Fund isn’t tracking oil’s move down point for point. XLE finished at $53.84 on Friday, slipping 0.4% from Monday’s close, according to daily numbers from Investing.com. Brent crude ended the session Friday at $71.99 a barrel, dropping 10.86% since the Thursday before, with the market having closed for a public holiday last Friday.