SPDR S&P Oil & Gas Equipment & Services ETF Price & Performance (XES)

Schlumberger Limited has outperformed its peers, rising 3% in the past three months compared to the sector's 15.2% decline. Despite trading below its moving averages and a 24.4% drop from its 52-week high, analysts remain optimistic about its future, citing strong cash flow and AI-driven growth in its Digital & Integration segment.1

Crude oil prices increased by 0.3%, with the United States Oil Fund also gaining 0.3%. Natural gas rose 0.4%, although related ETFs showed mixed results. Broader equity markets remained volatile, with some sectors like consumer staples and health care experiencing slight declines.2

Global ETF assets hit an all-time high of $15.5 trillion in February, driven by $61.67 billion in net inflows from the top 20 ETFs. The SPDR S&P 500 ETF Trust saw the largest individual inflow, gathering $8.67 billion, as investors increasingly turn to equity ETFs for opportunities.3