OILT Surges 12.5% in July as Texas Energy Outperforms

The Texas Capital Texas Oil Index ETF (OILT) climbed 12.5% in July, outpacing both broad market equities and energy sector peers. Key TakeawaysOILT outpaced broad markets in July, rising 13.0% compared to a 0.3% gain for broad market SPY and an 11.9% return for broad energy XLE. Top-contributing holdings included Occidental Petroleum (OXY) and SM Energy (SM) , which were up 17.5% and 24.6%, respectively. OILT allocates 89.1% of its portfolio to upstream energy companies, compared to 68.8% for a broad energy play like XLE. Other significant contributors included SM Energy (SM), which surged 24.6% to contribute 1.1% to the index, and ConocoPhillips, rising 15.9% to add 1.1%.