How Shell Stock Compares to WTI and SPY ahead of Earnings



Shell stock returns

In the past month, since March 22, 2019, Royal Dutch Shell (RDS.A) stock has risen. Let’s compare Shell’s returns to the SPDR S&P 500 ETF (SPY), which is a broader equity market indicator, and WTI, which represents the benchmark crude oil.

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WTI trends since March 22

Oil prices have been on an upward spree in the past month. Since March 22, WTI has risen 11.3%. The rise in oil prices was due to OPEC’s production cut. Most market participants have feared a global supply glut this year. The production cuts are aimed at balancing global oil supply and demand dynamics. Also, the sanctions against Iran and Venezuela helped oil prices.

Shell stock, the broader market, and oil prices since March 22

Consider Shell stock, the broader market, and oil price performance in the past month. Since March 22, WTI has risen 11.3%, SPY has increased 3.9%, and Shell stock has increased 3.8%. SPY has perhaps increased due to the market’s positive expectations from US-China trade talks. Plus, the anticipation of no interest rate hike this year has supported the market.

Overall, Shell stock (with 3.8% gains) has marginally underperformed SPY (with 3.9% gains) in the past month.

Shell’s peers BP (BP) and Total (TOT) have risen 2.5% and 3.3%, respectively, since March 22. ExxonMobil (XOM) and Suncor (SU) have increased 3.0% and 0.9%, respectively.


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