Oil and gas prices have certainly been crucial to the market this year, and energy ETFs like OILT have been moving as a result. Key Takeaways: The Texas Capital Texas Oil Index ETF (OILT) is delivering strong results, with a one-month return of 8.25%, as of September 2, 2026.
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) held steady, while the State Street Energy Select Sector SPDR ETF (XLE) rose 12.1% over the same period.
The conflict between the U.S., Israel, and Iran is sending shockwaves through global crude oil markets. Refineries in Europe and Asia are paying record high prices for crude, a staggering reflection of the tightening supply chain.
OILT hits a new 52-week high, up 50% from its low, as oil prices surge on geopolitical tensions.