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The Energy Select Sector SPDR Fund (NYSEARCA: XLE) was trading higher for the fifth session in a row on July 24, extending that streak with a gap up at the open. However, some analysts are saying investors should use caution: Despite some very bullish current developments, the situation could change in the not-so-distant future.
Macroeconomic fundamentals remain constructive for WTI crude oil prices to trade above US$70/bbl over the medium term. Read why we see prospects for a rebound.
Oil prices have eased considerably off their highs in 2022, illustrating the volatility of this asset. Read here why UCO ETF is set to rally from these levels.