Energy giants Chevron and Exxon Mobil are the best performing Dow stocks a week after oil rises 5% or more in a single day.
Oil prices are surging on Monday after a drone attack on a Saudi Arabian oil facility forced the kingdom to cut its producer in half.
CNBC used Kensho, a hedge fund analytics tool, to track which Dow Jones Industrial Average stocks performed the best a week after oil rises 5% or more in a single day. Energy giants Chevron and Exxon Mobil are the best performing Dow stocks a week after a surge in oil prices.Oil prices are surging and if history is any guide, a handful of stocks are going to outperform the market over the next week.Saudi Arabian oil facilities over the weekend forced the kingdom to cut its oil output in half.futures climbed 11.6% to $61.21 on Monday.
CNBC used Kensho, a hedge fund analytics tool, to track which Dow Jones Industrial Average stocks performed the best a week after oil rises 5% or more in a single day. Data showed WTI crude prices have risen 5% or more 75 times since 1999 and gasoline stocks, alongside a few others, outperform the broader market.
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