There are two major applied indexes in oil sector: XOI and XNG (^XOI and ^XNG). But is there any CRUDE ONLY index? In past two day it happened that indexes were rising, while crude oil price fall.
There are two major applied indexes in oil sector: XOI and XNG (^XOI and ^XNG). But is there any CRUDE ONLY index? In past two day it happened that indexes were rising, while crude oil price fall.
Narsej, XOI is an index comprising of oil company stocks and as such it will not always follow the movements of crude on a day to day basis, though obviously in general there will be a fairly strong correlation. XNG on the other hand is the natural gas index, comprised of companies in the natural gas industry.
USO is an Oil etf, which should more closely follow the price of the crude contract. At the moment it's a faily liquid stock with vols around 3-4 mill
