Why oil stocks could make a jump

3:48 PM ET Mon, 16 Sept 2019

Oil prices soared on Monday, after an attack on the world's largest oil production facility in Saudi Arabia. The attack forced the Kingdom to cut its oil output in half. The SPDR S&P Oil & Gas Exploration & Production ETF, the XOP, jumped following the attack, with about 40% of the components moving higher by 10% or more.