
Oil & gas ETF XOP surges 43% YTD on Middle East supply shock; future hinges on Strait of Hormuz traffic recovery.
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has risen 43% year to date, driven by a rally in WTI crude prices following a supply disruption in the Middle East that cut Gulf production by about 10.5 million barrels per day in April. The ...

