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Oil, Energy ETFs Hold Strong after IEA Report

Energy ETFs Continue to Climb after OPEC+ Surprise

Energy ETFs Continue to Climb after OPEC+ Surprise March 5, 2021 Oil and energy exchange traded funds continue to rally, with crude prices at their highest level in almost two years, after the Organization of Petroleum Exporting Countries and its allies, or OPEC+, surprised markets by maintaining a cap on supplies despite a recovering global economic outlook. Among the best performing non-leveraged ETFs of Friday, the The United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, were also up 3.1% and 3.4% respectively on Friday. WTI crude oil futures were up 3.7% to $66.2 per barrel, and Brent crude gained 4.1% to $69.5 per barrel.

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