Oil and gas production ETF paces for best quarter on record

CNBC | Oil and gas stocks are defying the odds.

The SPDR S&P Oil and Gas Exploration and Production ETF (XOP) is having its best quarter on record, up over 102% since April 1 despite concerns about oversupply. That’s more than triple its second-biggest gain from June 2008, when it ran nearly 31%.

Some traders aren’t buying the recent run, however.

To read the full article, click here.

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