These oil and gas stocks are on fire

Energy
Matt Simpson financial analyst
By :  ,  Market Analyst

The SPDR XOP ETF rose to its highest level since May 2019 yesterday which takes its total rise from the 2021 low to a near 300% rally. Whilst all of the top 10 stocks within the sector also rallied on the day, some look more appealing than others for potential setups on the daily chart. So, alongside the daily XOP chart, we analyse Occidental Petroleum (OXY), Continental Resources (CLR), ConocoPhillips (COP) and Exxon Mobile (XOM).

How to start oil trading

 

 

How to trade with City Index

You can easily trade with City Index by using these four easy steps:

  1. Open an account, or log in if you’re already a customer 

    Open an account in the UK
    Open an account in Australia
    Open an account in Singapore

  2. Search for the company you want to trade in our award-winning platform 
  3. Choose your position and size, and your stop and limit levels 
  4. Place the trade

 

Open an account today

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.
Economic Calendar