🟢 Energy ETF (XLE) is trading 3% up as shipping attacks heighten supply disruption fears

XLE is trading at $65.28, up 3.04%, as attacks on shipping in the Gulf and Strait of Hormuz heighten fears of supply disruptions.

• Brent reached $105.41 and WTI $92.40 in midday reporting.
• A Gulf storm threatens offshore production, with about 512,000 barrels per day already shut in; U.S. crude inventories fell 3.2 million barrels.
• The sector rally stood out as major U.S. indexes were lower.