Midstream Shows Defensiveness as Oil Prices Fall
Midstream has remained defensive and has held up better than broader energy amid weakening oil prices. West Texas Intermediate (WTI) crude, the U.S. benchmark, has dropped 17.2% from January 15 through March 5. During the same period, broader energy, as measured by the Energy Select Sector Index, has declined 8.0%. Meanwhile, the midstream segment, represented [...] The post Midstream Shows Defensiveness as Oil Prices Fall appeared first on ETF Trends.
Midstream has remained defensive and has held up better than broader energy amid weakening oil prices. West Texas Intermediate (WTI) crude, the U.S. benchmark, has dropped 17.2% from January 15 through March 5. During the same period, broader energy, as measured by the Energy Select Sector Index, has declined 8.0%. Meanwhile, the midstream segment, represented [...]
The post Midstream Shows Defensiveness as Oil Prices Fall appeared first on ETF Trends.
