Oil: Are the Bearish Sentiments Rising?

oil are the bearish sentiments rising
Oil: Are the Bearish Sentiments Rising?

On August 13, US crude oil September futures fell 0.6% and settled at $67.2 per barrel. On the same day, the Energy Select Sector SPDR ETF (XLE) fell 1.3%. The fall in energy stocks might have contributed to the 0.4% and 0.5% fall in the S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA), respectively, on August 13. Read Did Oil’s Fall Impact the S&P 500 Index? to learn more.

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