Between June 15 and June 22, upstream stock Denbury Resources (DNR) was the top gainer on our list of energy stocks. During that period, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 5.4%, the highest rise among the major energy subsector ETFs we discussed in the previous part of this series.
We created our list of energy stocks from the following energy subsector ETFs and a few integrated energy stocks:
Upstream stocks for California Resources (CRC), Whiting Petroleum (WLL), and Cimarex Energy (XEC) were the second-, third-, and fourth-largest gainers, respectively, on our list of energy stocks last week. Oilfield services stock Noble Corporation (NE) was the fifth-largest gainer.
The VanEck Vectors Oil Services ETF (OIH) rose 1.5%, the smallest rise on our list of major energy subsector ETFs during the period.
Energy commodities and the broader market
Last week, US crude oil August futures rose 5.8%, while natural gas August futures fell 2.3%. The S&P 500 (SPY) fell 0.9%. The top five energy gainers outperformed energy commodity and equity markets last week.