Are Oil-Weighted Stocks Outperforming WTI Crude Oil Prices?
On May 30–June 6, our list of oil-weighted stocks fell 3.8%. US crude oil July futures fell 5.1% during this period. However, some oil stocks bucked the trend. Below are the oil-weighted stocks with the biggest increases in the trailing week. California Resources (CRC) rose 7.1%. Occidental Petroleum (OXY) rose 2.8% Hess (HES) rose 1%.