Oil futures etf energy sector ETFs

Energy sector ETFs, particularly oil futures-based, are outperforming the S&P 500 year-to-date, with a 9.6% gain versus 6.2% for the index. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $621,976 !" Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,150,085 !" The fund began to run into trouble when the May contract for oil began diving last week. This week, the May contract fell to an actual negative price. The fund likely had already sold those contracts for the June oil futures, but the fall to negative prices sent a chill through the whole oil market. June oil futures then began plummeting this week as well and traders feared they would turn negative. WTI crude futures gained momentum, pushing related ETFs higher by 1.8%. Institutional traders are increasing positions, pointing to expectations of tighter Q3 inventories.