History says oil stocks will keep going up and this is easiest way to bet on it

The SPDR S&P Oil & Gas Exploration ETF jumped on Monday after the drone attack on Saudi Arabian oil facilities knocked out half of the kingdom's production.

Market history shows that the bullish trade in the ETF, which trades under the symbol XOP, may continue. Energy stocks were rising on Monday along with oil prices after the weekend attack on the world's largest oil production facility in Saudi Arabia forced the Kingdom to cut its oil output in half. The market repercussions were swift, with the S&P energy sector moving out of bear market levels. The easiest way to make a broad bet on a continued surge in energy stocks is exchange-traded funds rather than than attempting to pick individual winners in the sector. Recent trading history suggests the gains may continue. rose on Monday, with about 40% of the components moving higher by 10% or more.

In the past five years XOP has jumped more than 5% in a single trading session on 13 occasions. Two weeks later, the ETF typically adds another 3.5%, trading positively about 70% of the time, according to Kensho data.

Long positions for oil are way more than shorts. So, yes. I agree that.

Too bad it took so many lives in the process oil bloodmoney

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