Europe Energy ETFs Market Falls as Major Oil & Gas Stocks Report Daily Losses

The Europe Energy ETF market with a 2-billion EUR valuation, comprising 8 ETFs, reported a -1.37% performance on June 22, 2023.

On June 22, 2023, the Europe Energy ETF market experienced a -1.37% dip in performance, reflecting the daily returns of the eight ETFs comprising this 2 Bn EUR market. The decline in the market was mainly driven by losses in the energy sector's key players, including EQUINOR ORD, NESTE OYJ ORD, TOTALENERGIES SE ORD, and AKER BP ASA ORD.

The daily returns of some ETFs in this market, such as SPDR MSCI Europe Energy UCITS ETF (STN), iShares STOXX Europe 600 Oil & Gas UCITS ETF (DE) (EXH1), and iShares MSCI Europe Energy Sector UCITS ETF (ESIE), further reflected the decline in the overall market. While the losses were mainly attributed to factors such as fluctuating oil prices and geopolitical tensions, this performance indicates a challenging time both for the energy industry and investors in the Europe Energy ETF market.

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