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SPDR® S&P Oil & Gas Exploration & Production ETF (XOP)

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121.99 +1.45    +1.20%
24/06 - Closed. Currency in USD ( Disclaimer )
After Hours
122.35
+0.36
+0.30%
0:58:08 - Real-time Data
  • Volume: 13,063,147
  • Bid/Ask: 0.00 / 0.00
  • Day's Range: 120.44 - 125.73
Type:  ETF
Market:  United States
ISIN:  US78468R5569 
CUSIP:  78468R556
Asset Class:  Equity
SPDR S&P Oil & Gas Exploration & Production 121.99 +1.45 +1.20%
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Javier Gonzalez
Javier Gonzalez Apr 18, 2020 19:16
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Does anyone understand why XOP is not moving closely together with WTI? On Friday XOP went up 10% while WTI closed with -8%....It just doesn't make sense to me. I would like to understand the reason for these ups and downs in XOP. I completely understand the different ups and downs of WTI based on the news of the Oil & Gas industry, but I really don't understand the behaviour of XOP. Can anyone enlighten me? Thank you in advance!
Tom Gillham
Tom Gillham Apr 18, 2020 19:16
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because we are near the start of the next bull run. how much further do you expect oil to fall. zero forever? you need to look out further not much reward left on short side
 
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