NYSE CRTR Economy Event Watch the replay →
The Energy Sector Remains the Worst Performer for the Year
ETF top story for the week of May 29 to June 2, 2023.
Keep up with what matters in ETFs
Get timely ETF insights, market trends, and top ideas straight to your inbox.
Your newsletter subscriptions with us are subject to ETF Central's Privacy Policy and Terms and Conditions.
WTI crude oil prices dropped 1.28% week-over-week only to rebound above $71.5/bbl after the Senate approved the bipartisan legislation to lift the debt ceiling. Gains were restrained, however, due to official data revealing an unexpected growth of approximately 4.5 million barrels in U.S. crude inventories over the course of the week.
This data hints at an elevated supply and softening demand, even as the travel-intensive summer season commences. And it’s against this backdrop that Saudi Arabia announced further voluntary cuts at the OPEC+ June 4th meeting. OPEC+ also revealed its intention to cap the collective output of oil at 40.463 million barrels per day throughout the period spanning January to December 2024. These decisions are expected to push oil prices higher and provide a floor for the coming months.
The ETF Industry Is Evolving Fast
From AI infrastructure to active strategies, the ETF landscape is shifting. Share your perspective in the 7th Annual Global ETF Survey and get exclusive early access to the final report.
On the natural gas front, prices continue to decline due to low consumption and ample supply. Global gas consumption already experienced a historic drop of 1.6% in 2022 with the war in Ukraine and disruptions in the supply of Russian gas to Europe, with warmer winter temperatures continuing to hurt demand in 2023. Meanwhile, U.S. gas production is set to hit a record high. Since the beginning of this year, the price of natural gas has plummeted by nearly 50%.
The S&P energy sector was up 1.31% for the week ahead of the OPEC+ meeting in Vienna but remains in the red year-to-date (-9.21%). This is the biggest drag on the broader market so far.
US Group Data
Funds Specific Data
Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.
Segments
See all
Mentioned ETFs
Further reading
Latest ETF News
See all ETF newsMoneyShow Chart of the Day 6/3/26: AI. AI. AI. (And a Handful of Other Stocks, Too)
MoneyShow Chart of the Day 5/27/26: SpaceX Hype Sends Space Stocks into Orbit
Advantages of ETFs over Mutual Funds1/6
Lower Costs
In this guide, we'll explore the advantages of ETFs over mutual funds, giving you valuable insights into why ETFs have gained significant popularity among investors like yourself.
Leveraged ETFs: Unlocking the Potential for Amplified Returns1/6
Understanding Leveraged ETFs
Explore leveraged ETFs: potential for amplified returns & risks. 5 ETFs to consider across equities, commodities & fixed income.
What is a Leveraged ETF?1/6
Introducing Leveraged and Inverse ETFs
In this guide, we'll dive into the world of leveraged ETFs, exploring their definition, mechanics, potential risks, and rewards.
Recent educational content
Asset TV
The ETF Show - New Autism-Impact ETF Launched
Defiance ETFs has launched the first ETF, $ASD, focused on the autism ecosystem, investing in companies that provide services, products, and research related to autism and neurodivergence.
ETF Trends
ETF Industry KPIs June 1, 2026
The ETF Industry saw 22 New Launches, 1 Ticker Change and 1 closure last week.
ETF Trends
ETF Industry KPIs May 20, 2026
The ETF Industry saw 44 New Launches, 3 Mutual Fund Conversions and 9 closures last week.
Asset TV
The ETF Show - Politics Becomes Investable Trade through ETFs
Dan Weiskopf, Senior Portfolio Manager at Tidal Financial Group spoke with the ETF Show about Subversive ETFs that help investors trade like politicians.
Browse all educational columns
Build and Analyze Your ETF Portfolio Like a Pro
Create your own ETF portfolio in minutes and instantly see allocations, exposures, performance, and risk. Visualize diversification across asset classes, regions, and sectors. Stress-test ideas, compare benchmarks, and refine your strategy with professional-grade analytics.
