These 2 High Yielders Could Benefit From An Energy Rally As OPEC+ Cuts Oil Production
The SPDR Select Sector Fund Utilities (ARCA: XLU) is down roughly 10% year-to-date and only invests in utility companies that are included in the S&P 500.
With gas futures surging after OPEC+ decided to cut 2 million barrels per day in oil production, many investors are preparing for a winter season with an oil and gas supply crunch.