U.S. gasoline prices could hit a calendar record this week, even with the oil price pulling back, GasBuddy noted in a blog posted on its website on Monday.
The Texas Capital Texas Oil Index ETF (OILT ) climbed 12.5% in July, outpacing both broad market equities and energy sector peers. During the month, the State Street SPDR S&P 500 ETF Trust (SPY A-) held steady, while the State Street Energy Select Sector SPDR ETF (XLE A) rose 12.1% over the same period.
Curious Minds Corner
What is a reservoir rock?
A porous and permeable rock that stores and transmits hydrocarbons.