00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. oil and gas exploration stocks surged during the Iran War, according to Benzinga.
00:07Since the February 27th close before Operation Epic Fury, the SBDR S&P oil and gas exploration
00:14and production ETF has surged 17.08%, leading all U.S. industry ETFs tracked by CountryETFTracker.com.
00:22XOP is up 43% year-to-date, its best three-month performance since April 2020.
00:28The fund posted an 11-week winning streak, the longest in its history.
00:32It outperformed the S&P 500 ETF by 23.5 percentage points over the same period.
00:38Other energy ETFs posted smaller gains, while most sectors were flat or negative, and gold
00:44miners fell 27.8%.
00:46Sable Offshore led gains with a 103.09% increase, followed by Venture Global at 72%, while refinery-focused
00:54companies posted strong gains ranging from 38.41% to 44.17%.
01:01For all things money, visit Benzinga.com.
Comments