In trading on Wednesday, the SPDR S&P Oil & Gas Exploration & Production ETF is outperforming other ETFs, up about 5.6% on the day. Components of that ETF showing particular strength include shares of Chesapeake Energy, up about 18% and shares of California Resources, up about 14.8% on the day.
And underperforming other ETFs today is the iShares U.S. Utilities ETF, down about 0.6% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Pacific Gas & Electric, lower by about 2.5%, and shares of UGI, lower by about 1.5% on the day.
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