ETF investors interested in gaining exposure to the improving energy sector have a number of broad plays to choose from. For example, the Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy ETF, increased 14.4% year-to-date.
SEE MORE: Energy Stocks, ETFs can Keep Surging
Last week, oil and energy exchange traded funds rallied Thursday after the Organization of Petroleum Exporting Countries agreed to the first output cut since 2008, with Saudi Arabia relaxing its position on Iran amid stubbornly low oil prices.
“But Q4 aside, the OPEC deal has been significant in other ways. It has been the first time that the cartel has shown signs of solidarity since as far back as 2008. With OPEC now committed to working in the best interests of the organization we can see this as both a baby step toward a further limit, and as a sign of continued market domination,” reports OilPrice.com.
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