Which Energy Commodity Rose the Most this Week?



Gasoline is leading the rise

This week, unleaded gasoline (UGA) prices are leading the rise in energy commodities. Gasoline prices rose very strongly from last week’s close of $1.655 per gallon on December 15 to $1.745 per gallon on December 20, an increase of ~5.4%. On December 20, gasoline prices regained their 50-day moving average on heavier volume. Even heating oil (UHN) prices are up strongly this week by ~2.3%. Gasoline and heating oil prices impact refining companies (CRAK).

Crude oil and natural gas moving up

This week, crude oil (USO) prices are up ~1.3% from last week’s close of $57.33 per barrel to $58.09 per barrel by December 20. Even natural gas (UGAZ)(DGAZ)(BOIL) prices rose from last week’s close of $2.61 per MMBtu (million British thermal units) on December 15 to $2.64 per MMBtu on December 20—an increase of almost 1%.

Energy stocks

With the positive performance from all energy commodities, energy stocks are showing relative strength this week. As of December 20, the Energy Select Sector SPDR Fund (XLE)—which represents an index of stocks across the energy sector—rose ~2.3%.

The stocks leading the rise in XLE are:

  • Newfield Exploration (NFX): up ~9.4%
  • TechnipFMC (FTI): up ~8.9%.
  • Marathon Oil (MRO): up ~8.7%

In general, for the week starting December 18, XLE is outperforming the SPDR S&P500 ETF (SPY). As of December 20, SPY has risen ~0.2% this week.

In this series…

Having analyzed the performance of the broader energy sector this week, we’ll look at the gaining and losing stocks from the refining and marketing sector and the integrated energy sector. We’ll also analyze any news or developments behind the moves.

Let’s start with the refining and marketing gainers this week.

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