We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Chevron Corporation | NYSE:CVX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.33 | -0.21% | 160.40 | 160.66 | 157.04 | 160.58 | 11,780,661 | 01:00:00 |
By Francesca Fontana
Exchange Traded Funds with high exposure to the energy sector fell Thursday as oil prices dropped for the third straight day on rising supply and U.S.-China trade tensions.
Among the ETFs trading lower are the Direxion Daily Energy Bull 3x Shares (ERX), Energy Select Sector SPDR Fund (XLE), and VanEck Vectors Oil Services ETF (OIH).
The Rafferty Asset Management-issued ERX is a leveraged ETF that seeks to provide 300% of the exposure to the S&P Energy Select Sector Index, according to ETF.com. Among its top ten holdings are NextEra Energy Inc., Duke Energy Corp., and Dominion Energy Inc. ERX falls more than 10% to $17.58, according to FactSet.
XLE, issued by State Street Global Advisors, tracks a market-cap-weighted index of U.S. energy companies in the S&P 500, according to ETF.com. Among its top ten holdings are Exxon Mobil Corp., Chevron Corp., and ConocoPhillips. XLE loses 3.6% to $61.22.
OIH, issued by VanEck, tracks an index of 25 of the largest U.S.-listed, publicly traded oil services companies, according to ETF.com. Among its top ten holdings are Schlumberger NV, Halliburton Co., and TechnipFMC PLC. OIH falls 5.3% to $13.96.
U.S. oil inventories rose to their highest level since July 2017 and domestic oil production neared a record in data released on Wednesday, sparking fears of another supply glut. West Texas Intermediate futures were down 5.3% at $58.19 a barrel in midmorning trade in New York, on course for their sharpest daily drop so far in 2019 and set to close at a two-and-a-half-month low.
Write to Francesca Fontana at francesca.fontana@wsj.com
(END) Dow Jones Newswires
May 23, 2019 12:20 ET (16:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Chevron Chart |
1 Month Chevron Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions