“Integrated oil companies — which drill and refine crude and sell fuel — have reduced operating capital costs to lower the break-even expense of producing a barrel of oil, he said. And while crude prices may be plateauing at present, the trend has been positive in recent months, he said,” according to CNBC.
For those seeking a hedge against further weakness in the energy sector, the ProShares Short Oil & Gas (NYSEArca: DDG) tries to reflect the inverse, or -100%, daily performance of the Dow Jones U.S. Oil & Gas Index.
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Energy Select Sector SPDR