Other large gainers
Oilfield services stocks, Noble (NE) and Rowan Companies (RDC) were second and third-largest gainers on our list of energy stocks last week. During this period, the VanEck Vectors Oil Services ETF (OIH) rose 0.6%—the lowest gainer among the major energy subsector ETFs during this period.
Midstream stocks TC PipeLines (TCP) and Buckeye Partners (BPL) were ranked third and fourth on our list of the largest gainers last week. The Alerian MLP ETF (AMLP) rose 1.2%—the second-largest gainer on our list of major energy subsector ETFs on July 6–13.
Energy commodities and the broader market
During the week ending July 13, US crude oil August futures and natural gas August futures fell 3.8% and 3.7%, respectively. The S&P 500 rose 1.5%. The top five energy gainers outperformed the energy, commodity, and equity markets last week.
Next, we’ll discuss the top energy losses last week.