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The price of crude oil broke below $50 a barrel last week as commodity and energy ETFs continued on a downward spiral.
The United States Oil Fund(USO Quote) has fallen 67% since crude hit a record of $147 a barrel in July. Natural gas has also taken its share of hits in recent months. The United States Natural Gas Fund(UNG Quote) has plummeted 58.5% since July.
Other ETFs in the commodity and energy industries that are reeling include the SPDR S&P Oil & Gas Exploration & Production ETF(XOP Quote), the SPDR S&P Oil & Gas Equipment & Services ETF(XES Quote) and the Energy Select SPDR ETF(XLE Quote), which have dropped 46.1%, 58.3% and 49.2% this year. These declines compare to a 47.7% retreat by the S&P 500. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
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