Oil Rising, but Traders Skirt Leveraged ETFs

Even prior to this week’s violence in Iraq, the excuse du jour for soaring oil prices, energy stocks and equity-based exchange traded funds were in rally mode. Year-to-date, the Energy Select Sector SPDR (NYSEArca: XLE) trails only the Utilities Select Sector SPDR (NYSEAra: XLU) among the nine...