XLE has better liquidity, maybe you don't care that much about it if it's a long term trade, but with XLE, you can sell options to hedge your position.
We've fallen to an area that I would look as support. 93 to 93.50. Last print was 93.52. I look for buying to step in in this area for the next push higher.
EIA reported a huge gasoline build and despite a decent crude draw, the report was overall bearish. Oil near the high of it's range and we might not see much strength in oil until early next spring.