Rather obviously, Oil price is the key driving forces behind the success of this sector, with the price of the commodity having a huge impact on the price of this ETF’s components. However there are other influences, such as exploration and production spending by each individual company. World events and macroeconomic conditions have a bearing on the performance of this fund, with natural disasters or terrorist attacks having a negative impact on performance.
The following gives a Selection of stocks from the Energy sector of the Standard&Poor 500 Top Companies (S&P500)