Cobalt International Energy Outperformed Oil Prices Last Week



Energy stocks

On November 24–December 1, 2017, Cobalt International Energy (CIE) rose the most among energy stocks. These energy stocks are from the VanEck Vectors Oil Services ETF (OIH), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), the Energy Select Sector SPDR ETF (XLE), the Alerian MLP ETF (AMLP), and a few US-listed integrated energy stocks.

California Resources (CRC) was the second-largest gainer on our list of energy stocks last week. XOP rose 3.1%—the third-largest gainer on our list of energy ETFs during this period.

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Midstream stock Enbridge Energy Partners (EEP) was the third-largest gainer on our list of energy stocks on November 24–December 1, 2017. Oilfield services stocks Nabors Industries (NBR) and Noble (NE) were the fourth and fifth-largest gainers on our list last week. In fact, OIH rose 4.8% —the highest on our list of energy subsector ETFs.

The S&P 500 Index (SPY) rose 1.5% in the week ending December 1, 2017. US crude oil January futures fell 1% last week. So, these energy stocks outperformed oil prices.


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