Sector ETFs to Lose/Win From Oil Price Rebound
ZACKS·2025-07-17 11:01
Oil prices rose in early Thursday trading, bouncing back from the previous session's losses. The rebound was driven by stronger-than-expected economic indicators from major oil-consuming nations and signs of easing global trade tensions.U.S. Crude Stocks See Sharp DeclineAccording to the Energy Information Administration (EIA), U.S. crude oil inventories fell by 3.9 million barrels to 422.2 million last week. This drop was significantly larger than the projected 552,000-barrel draw, indicating robust refine ...