Energy ETFs aim for best month on record as crude prices recover

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Exchange-traded funds that track the energy sector were lower midday Wednesday, but were on track for their best month on record. The Energy Select Sector SPDR Fund fell 1.5%, but has advanced 38.2% so far in November, its strongest monthly gain since 1998, when it was launched. The Fidelity MSCI Energy Index ETF was down 1.4% Wednesday, and has gained 37.9% in the month to date, about the same as the Vanguard Energy ETF . The price of oil has gained as investors grow more confident in an economic recovery thanks to COVID-19 vaccines. On Wednesday, West Texas Intermediate crude for January delivery gained more than 1% at midday, to $45.35 a barrel on the New York Mercantile Exchange.
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