The United States Oil ETF (NYSE:USO) dropped 1% but the Energy Select Sector SPDR Fund (NYSE:XLE) gained 0.5% on Wednesday as investors digest mixed data on the strength of the global economy and the outlook for energy demand.
Brent crude oil dropped 2.5% to $96.78 per barrel, while WTI crude fell just 0.5% to $91.11/bbl.
