What happened in the last five trading sessions?
On December 6–13, 2017, our list of oil-weighted stocks fell 1.6%, while US crude oil prices rose 1.1%. So, US crude oil outperformed these oil-weighted stocks. The top three gainers on our list of oil-weighted stocks between these two dates are:
These three oil-weighted stocks also outperformed US crude oil. In fact, these three oil-weighted stocks had correlations of at least 65% with US crude oil prices in the past five trading sessions.
The top three losers on our list of oil-weighted stocks in the past five trading sessions are:
All of these oil-weighted stocks with at least 60.0% production mixes in oil have been taken from the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
From the multiyear low
Between February 11, 2016, and December 13, 2017, there has been a rise of 115.9% in US crude oil futures. On February 11, 2016, US crude oil fell to a 12-year low.
ETFs that track oil including the ProShares Ultra Bloomberg Crude Oil ETF (UCO), the United States Oil ETF (USO), and the United States 12-Month Oil ETF (USL) rose 59.8%, 41.8%, and 38.4%, respectively. Our collection of oil-weighted stocks have risen 66.1% since February 11, 2016.
The top three gainers during this period are:
The oil-weighted stocks that underperformed during this period are: